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Banks not passing on full interest rate cuts to borrowers

Banks not passing on full interest rate cuts to borrowers

Bank borrowers are complaining that they still have to pay high interests despite banks cutting rates, with reductions only being applied to new loans. Duc Anh in Hanoi found he received a mere 0.15 percentage points discount from 14.7% to 14.55% a year after the State Bank of Vietnam lowered …

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