Central bank injects large amount of money to support capital for banks

February 21, 2024

In the interbank market, interest rates have also increased again after two sessions of deep decline. Along with the overnight term, interest rates at two other key terms also increased quite sharply, of which one-week term increased from 1.27 per cent to 1.6 per cent and two-week term increased from 1.39 per cent to 1.6 per cent. The increase of interbank interest rates along with high transaction turnover showed that the demand for loans among commercial banks has remained large although the peak payment period near Lunar New Year has passed. According to experts, interbank interest rates increased sharply at short terms mainly due to seasonality when payment demand increased near the Lunar New Year. However, during the period before the Lunar New Year, no banks needed the SBV's capital source.

The source of this news is from Vietnam News

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