nirvanatgr
Joined: 11 May 2011
Posts: 1590
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 Posted: Sat Oct 01, 2011 12:59 pm Post subject: Vietnam central bank caps some dong deposit rates at 6 pct |
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The State Bank of Vietnam will maintain the existing 14 percent rate cap on deposits of one month or longer, according to a statement on its website. The regulations will take effect from Oct. 1, it said.
Some banks have been offering interest rates as high as 14 percent for deposits as short as 24 hours, which creates “liquidity risks,” the central bank said in the statement. The central bank this month ordered lenders to comply with the 14 percent cap for deposits of one month or more.cute girl
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