Central bank forecast to keep policy interest rate unchanged in Q1 2023

With the above forecast, the BSC’s analysts predicted two main scenarios for the country’s interest rate, credit growth and the money supply (M2) in 2023. Foreign exchange rateUnder the report, BSC’s analysts said the foreign exchange rate rose strongly in the second half of 2022 after the Fed accelerated the tightening of monetary policy. However, Việt Nam’s foreign exchange rate remained fairly stable compared to that of other countries. According to BSC, there are two possible scenarios for the foreign exchange rate in 2023. Meanwhile, the FiinGroup’s analysts forecast the foreign exchange rate will stand at VNĐ22,900 per US dollar by the end of 2023, against its previous forecast of VNĐ24,200.