{"id":22146,"date":"2011-07-04T13:29:00","date_gmt":"2011-07-04T17:29:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=0b935e18c2e5f58560f51f3dc44772b2"},"modified":"2011-07-04T13:29:00","modified_gmt":"2011-07-04T17:29:00","slug":"state-bank-of-vietnam-reduces-omo-rate-by-100bps-to-14-00","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/04\/state-bank-of-vietnam-reduces-omo-rate-by-100bps-to-14-00\/","title":{"rendered":"State Bank of Vietnam Reduces OMO Rate by 100bps to 14.00%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \"><font class=\"Apple-style-span\" face=\"Verdana, Geneva, sans-serif\"><span class=\"Apple-style-span\" style=\"font-size: 12px; line-height: 16px; \">The\u00a0<\/span><\/font><a href=\"http:\/\/www.sbv.gov.vn\/wps\/portal\/vn\" style=\"text-decoration: none; color: rgb(55, 120, 205); font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">State Bank of Vietnam<\/a>\u00a0reduced its open market operations (OMO) interest rate by 100 basis points to 14.00% from 15.00% previously, according to reports by Bloomberg and Reuters. \u00a0<\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">Aside from the OMO rate adjustment, the Bank held its main monetary policy rate, the Base rate, unchanged at 9.00%. \u00a0The Bank also held the Discount interest rate unchanged at 13.00%, and the Refinancing rate at 14.00%.\u00a0<\/span><\/p>\n<div> <span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \"><br \/><\/span><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">Vietnam&#39;s central bank last increased the OMO, or\u00a0<a href=\"http:\/\/www.centralbanknews.info\/2011\/05\/vietnam-central-bank-hikes-reverse-repo.html\">reverse repurchase<\/a>, interest rate by 100 basis points to 15.00% on the 17th of May this year. \u00a0The latest move comes after a string of aggressive monetary policy tightening measures as Vietnam deals with hyperinflation.\u00a0<\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">\u00a0Vietnam reported annual inflation of 20.82% in June, up from 19.78% in May, and 17.51% in April this year, according to the General Statistics Office. \u00a0The Vietnamese Dong is currently trading around 20,600 against the US dollar (the Dong is allowed to trade within a +\/- 1% band).<\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \"><\/p>\n<div>\n<div><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \"><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"text-decoration: none; color: rgb(55, 120, 205); \">www.CentralBankNews.info<\/a><\/span><\/div>\n<\/p><\/div>\n<p><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-4986355543220964386?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0State Bank of Vietnam\u00a0reduced its open market operations (OMO) interest rate by 100 basis points to 14.00% from 15.00% previously, according to reports by Bloomberg and Reuters. \u00a0Aside from the OMO rate adjustment, the Bank held its main monetar&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22146","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22146"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22146\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}