Vietnam Money Market – Sep 2024

Posted: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.
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