Tomorrow, ceiling deposit rate will drop to 7%

► deposit rates, lending rates in VND and USD may be reduced during the day tomorrow ..

Also plan to cap interest rates for 7%, the State Bank may remove the ceiling interest rate of 6 months.



For tomorrow, a series of interest rates, lending rates in VND and USD may be reduced, which is remarkable ceiling deposit rate will be reduced by 0.5%.
Information was deputy governor of the State Bank Nguyen Dong Tien said at a regular government meeting, afternoon 27/6.

According to Tien, in addition to plans to raise the interest rate ceiling of 7%, the State Bank may remove the ceiling interest rate of 6 months. In addition, the agency is also expected to raise U.S. interest rates because of their ability to control inflation and geographical balance tool using the interest rate is a positive sign.

"In the near future or even tomorrow, lending rates to 5 priority areas will be reduced from 10% to 9% / year. As interest rates may have certain adjustments, is 7.5% less than a year, can be reduced to 7%, "Leader said the State Bank.

According to the State Bank of leadership, in the context of people tend to shift savings from local currency into U.S. dollars, the State Bank will consider a step adjustment for foreign currency deposits, deposit rates from population 2% can be reduced to a lower level, deposits held can also reduce economic.

However, according to Tien, the interest rate is almost limited to final adjustment, because inflation around 7%, while interest rates have fallen about 7%. In case of further reducing or not depends on controlling inflation.

"Dramatically reduce interest rates make income credit institutions significantly affected, many units are no longer profitable. Interest rate differential input and output if unrealized reserve only 3%, while the backup was done only 1.93%, "said deputy governor Nguyen Dong Tien said.

Leaders of the State Bank also confirmed to be effective now, the credit should be poured into it. Therefore, the credit balance still gain the ability to read 12%, and possibly higher.

Related to the gold market, deputy governor admits, higher gold price differences, though this time the credit institution has completed gold account. State Bank does not extend to any other organization.