Thread: VN Central bank calls for savings rate cap

Vietnam's central bank has called on commercial banks to avoid raising interest rates on dong deposits above 12% in an attempt to stabilise the money market.

The move "is aimed at stopping the transfer of deposits between commercial banks that may cause money market disorder", Nguyen Van Giau, governor of State Bank of Vietnam, said in a document sent to banks...
Full story: Vietnam Business Finance: Central bank calls for savings rate cap