September 13, 2019 / 6:53 AM / 3 days ago

Vietnam c.bank cuts rates by 0.25 percentage points from Sept 16

HANOI, Sept 13 (Reuters) - Vietnam’s central bank said on Friday it would cut several interest rates to support economic growth and control inflation.

The annual refinancing rate, rediscount rate, overnight electronic interbank rate, and rate of loans to offset capital shortage in clearance between the central bank and domestic banks, would be cut by 0.25 percentage points each from Sept. 16, the State Bank of Vietnam (SBV) said in a statement.

The rate cuts are the first by the SBV since Oct. 2017. (Reporting by Phuong Nguyen; editing by Darren Schuettler)

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