Liquidity level has eased

Statistics from the State Bank show that last week (from November 17 to 21), interbank interest rates decreased across all terms, showing that the system's liquidity level was less tense than last week.

Accordingly, the overnight interest rate decreased to 4.18%/year on November 20, equivalent to a decrease of 0.33%, the strongest adjustment term.

The 1-week term also decreased to 4.43%, down 0.24%; longer terms such as 2 weeks and 1 month continued the weakening trend, down 1.03% and 0.1% respectively compared to the end of last week.

For longer terms, 1 month decreased slightly by 0.1% to 5.17%; 3 months decreased by 0.2% to 6.2%.

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In the open market operation (OMO), the week from November 17 to 21 recorded a winning bid volume of VND61,444 billion for terms of 7, 14 and 28 days, with interest rates maintained at 4%. Meanwhile, only VND89,955.54 billion matured on the mortgage channel, reducing the total capital circulating through this channel to VND256,842 billion. Thus, the State Bank strongly withdrew VND28,511.24 billion last week, after 5 weeks of continuous injection to continue to stabilize liquidity in the banking system.

Also according to the latest report of the State Bank, in October, the average VND deposit interest rate of domestic commercial banks was: 0.1-0.2%/year for non-term deposits and deposits with terms of less than 1 month; 3.4-4.2%/year for deposits with terms from 1 month to less than 6 months; 4.6-5.5%/year for deposits with terms from 6 months to 12 months; 4.9-6.1%/year for deposits with terms from over 12 months to 24 months and 6.7-7.5%/year for terms over 24 months. The USD deposit interest rate of credit institutions is at 0%/year for deposits of individuals and organizations.

Average VND lending interest rate of domestic commercial banks for new and old loans with outstanding debt: 6.5-9.0%/year. Average short-term lending interest rate in VND for priority sectors is about 3.9%/year, lower than the maximum short-term lending interest rate as prescribed by the State Bank (4%/year). Average USD lending interest rate of domestic commercial banks for new and old loans with outstanding debt: 4.3-5.0%/year.

Source: https://hanoimoi.vn/mat-bang-thanh-khoan-da-bot-cang-thang-724373.html