Published Date: 02/10/2024
- The FED‘s first rate cut in mid-Sep has eased the upward pressure on both the FX and Vietnam Dong interest rates.
- The interbank rates dropped to a 2-month low of 3% in mid-Sep, then surged to 4.3% at the end of Sep.
- We expect deposit rates to inch up further by 20 bps towards year-end, amid a slowdown in the upward trend of input rates.
