Vietnam Daily News

SBV posts net injection of over 5tr dong on OMO between December 5 and 9

Written by Dailynews.vn Monday, 12 December 2011 17:16

In the week between December 5 and 9, the State Bank of Vietnam (SBV) pumped 31.363 trillion dong on open market operations (OMO) for terms of 7-and 14-days at the interest rate of 14 percent per annum while withdrawing 26.355 trillion dong In week, the biggest injection was 9.3 trillion dong per day while the lowest was nearly four trillion dong per day. The central bank's move of net injection aims to stabilise the market by the end of this year. The interbank interest rate tended to decrease slightly during the weekend for terms of less than one month. Meanwhile, the overnight interest rate was stable at 13.9 percent per annum (p.a.) one week and two weeks at nearly 13 percent p.a. but 1-month term remained above 16 percent p.a. and 6-month term was above 14 percent p.a.

Source: www.intellasia.net/news/articles/finance/111350522.shtml