Wednesday , November 27 2024

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Central bank to cut deposit interest rate ceiling from Monday

Central bank to cut deposit interest rate ceiling from Monday

The central bank on Friday said it would cut caps on interest rates of dong-denominated deposits from April 3, by 0.5 percentage points to between 0.5% and 6.0% depending on maturities. It said the overnight electronic interbank rate would also be kept at the current level of 6.0%. The bank …

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Worst over for industry: Hoa Phat Steel chairman

The worst might be behind the steel industry but it is hard to determine whether the market has recovered, Tran Dinh Long, chairman of Hoa Phat Steel, has said. “In 2022 the steel industry was going through a difficult cycle. I predicted this at last year’s meeting, and honestly it …

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