monetary policy

Update news monetary policy

 The Federal Reserve should be cautious in considering an interest rate increase due to lingering risks to the U.S. economy, one of the central bank's most influential policymakers said on Monday,

Central bank focuses on GDP growth, not credit institution health

The moves taken by the State Bank of Vietnam (SBV) recently, since the day the new Governor took office, show that obtaining high GDP growth rate is the top priority for the bank when regulating monetary policy.

Curbing inflation a big challenge

VietNamNet Bridge – Bui Duc Thu, a member of the National Assembly’s Committee for Financial and Budgetary Affairs, told the Cong Thuong newspaper that in 2016, Viet Nam would try to keep the inflation rate under 5 per cent

Vietnam successfully manages monetary policy

 VietNamNet Bridge – The Vietnamese government’s flexible monetary policy contributed greatly to Vietnam’s macro-economic stability and socio-economic development.

Foreign capital flows out, but stock market to see new shift

Foreign investors sold shares in large quantities in early December in anticipation of the expected US Federal Reserve's raising the target interest rate by 0.25 percent. 

SBV adjusts compulsory reserves, a sign of 2016 monetary policy

VietNamNet Bridge - The new policy on compulsory reserves, in the eyes of analysts, indicates the SBV's determination to curb interest rates and prepare for interest rate regulation policy in 2016, experts say.

Should the interest rate be cut or the exchange rate stabilized?

VietNamNet Bridge - In order to keep the interest rate gap between the dollar and the dong attractive, the interest rates for dong have not been reduced.

SBV in dilemma in regulating monetary policies

VietNamNet Bridge - The trade deficit figures reported in mid-May and the consumer price index (CPI) could cause difficulties for the State Bank in monetary policies.

Government urged to tighten fiscal policy

Only when Vietnam tightens fiscal policy and loosens monetary policy will it be able to make a breakthrough in allocating resources, which would untie the knot of the national economy, experts have said.

SBV unexpectedly devalues dong by 1%, businesses remain calm

The State Bank of Vietnam (SBV) unexpectedly devalued the dong by one percent starting on January 7, 2015. It will now have the right to devalue the dong again by only one percent within the year.

State bank’s monetary policy applauded by international community

The State Bank of Vietnam (SBV) has succeeded with its macroeconomic management policies, international financial experts have said.

Yellen signals continuity on monetary policy, stays course on stimulus exit

 In her first testimony to the Congress, U.S. Federal Reserve Chair Janet Yellen reiterated central bank's plan to taper its stimulus exit despite recent weakness in the economy.

Bernanke says communication essential to Fed's policy effectiveness

U.S. Federal Reserve Chairman Ben Bernanke said on Monday that improved communication helps the public understand the Fed's policy intention and rationale, which is key to the legitimacy of the central bank.

VND slight depreciation believed to be the best choice

The current factors of the national economy allow to stabilize the dong/dollar exchange rate. However, economists believe that it would be better to depreciate the local currency slightly so as to encourage exports.

Dow, S&P set record closing highs on Bernanke stimulus reassurance

U.S. stocks soared on Thursday, lifting the Dow Jones Industrial Average and the S&P 500 to their all-time closing highs, boosted by Federal Reserve Chaiman Ben Bernanke's recent dovish speech which eased fears of an early stimulus pullback.

IMF cuts global economic forecast amid slower growth in emerging markets

 The International Monetary Fund (IMF) cut its 2013 growth forecast for the world economy Tuesday to 3.1 percent, due to a slowdown in several key emerging market economies.

Vietnam greedy for too many different goals in setting up monetary policy

VietNamNet Bridge – The Vietnamese monetary policy always aims at many different targets, which, in some cases, are contradictory. As a result, the policy cannot bring the desired effects.

Vietnam emerges as leverage market for Thai investors

Thai investors have been flocking to Vietnam, the first step in its plant to conquer the ASEAN market.

Purchasing power gets weaker than ever

VietNamNet Bridge – Small merchants have been sitting idle, while manufacturers have to scale down the production, saying that they have never seen such a low purchasing power before.

The specter of inflation more worrying than deflation

Despite the low CPI increases over the last several consecutive months, the government of Vietnam does not intend to hurriedly loosen the monetary policy for the fear about the high inflation.