Overnight interbank rates surge

December 29, 2023

HCMC – Overnight interbank interest rates in Vietnam have surged to a two-month high, nearly quadrupling compared to the previous week, according to data from the State Bank of Vietnam. In the trading session on December 26, the average annual interbank interest rate for overnight terms sharply rose to 1.02% from the previous session’s 0.74%. This increase was not limited to overnight rates, as interest rates for various maturities also soared. Rates for one-month terms climbed by 0.51 percentage point to 1.98% week-on-week. Compared to the end of November, overnight rates have increased by 0.85 percentage point, while rates for one- to four-week terms have surged by 1.45-1.78 percentage points.

The source of this news is from The Saigon Times