This is the second time in 2015 the State Bank of Vietnam (SBV) has adjusted the inter-bank rate. The first time was on January 7, also with an increase of 1 percent.
Banks can set their rate within a range of +/- 1 percent of the SBV-set inter-bank average rate.
According to the SBV, the adjustment is made to counter negative impacts from the international market in line with its policy set for this year, aiming to keep fluctuation in the exchange rate at not more than 2 percent.
In the coming time, the SBV will continue to apply synchronous policy tools and measures to keep the exchange rate and market stable on the new price level.
Banks can set their rate within a range of +/- 1 percent of the SBV-set inter-bank average rate.
Photo for illustration
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In the coming time, the SBV will continue to apply synchronous policy tools and measures to keep the exchange rate and market stable on the new price level.
