Thread: VietNam Raises Key Rate to 14% to Rein in Inflation

Viet Nam increased the benchmark interest rate for a third time this year to rein in the fastest inflation since at least 1992 and shore up confidence in the currency and stock markets.

The State Bank of Viet Nam raised the base rate to 14% from 12% to stabilize the economy, according to a statement on the central bank's Web site. The Southeast Asian nation also increased the refinancing rate to 15% from 13% and the discount rate to 13% from 11%. The new rates are effective from tomorrow...
Full story: Vietnam Stock Market News: Viet Nam Raises Key Rate to 14% to Rein in Inflation