In just the first two working days of the new year, the State Bank proactively pumped about VND35,720 billion into the market.
Continuing the net injection trend in the last week of the year of the Dragon 2024 (from January 20 to 24, 2024), in the first two trading days of the year of the Snake 2025, the State Bank continued to inject about VND 35,720 billion into the market when interbank interest rates increased.
Specifically, in the first two trading sessions of the week of the Year of the Snake (February 3 and 4), the State Bank injected a net VND11,052 billion and VND24,668 billion, respectively.
In the trading session on February 4, the State Bank lent VND10,273 billion to 7 members via the OMO channel (mortgaging valuable papers) with an interest rate of 4% per year and a term of 7 days; and lent VND20,000 billion to 12 members with the same interest rate and a term of 14 days. At the same time, VND9,255 billion matured, the total net injection through this channel was VND21,018 billion.
On the treasury bill channel, the operator also issued an additional VND900 billion treasury bills with a term of 7 days, interest rate of 4%/year, with 2 winning bidders, and the maturity amount on the day was VND4,550 billion. Therefore, the total net injection through this channel was VND3,650 billion.
In total, the State Bank has injected a total of more than VND24,668 billion through both channels. As of February 4, the total amount of treasury bills circulating in the market was VND24,049 billion and the amount of OMO circulating was more than VND163,500 billion.
In the context of recent sharp increases in interbank interest rates, the State Bank has proactively pumped money. According to the latest data, the overnight interbank interest rate in the first trading session of the year (February 3) reached 4.75%/year, 0.83 percentage points higher than at the end of the year of Giap Thin (January 24).
Previously, in the week from January 20 to January 24, the State Bank issued VND29,850 billion worth of treasury bills with an interest rate of 4%. During the same period, VND68,600 billion worth of treasury bills matured, causing the net injection through this channel to reach about VND38,750 billion.
Also in that week, the State Bank lent its members a total of nearly VND133,580 billion through the valuable paper collateral lending channel, with an interest rate of 4%/year, with VND43,000 billion due. The total net injection through this channel amounted to VND90,580 billion.
In total, during the week of January 20 to January 24, 2024, the State Bank injected a net VND 129,330 billion into the market, with an increase in the scale of loans secured by valuable papers, showing that the State Bank is continuing to support liquidity for the market.
Source: https://baodaknong.vn/ngan-hang-nha-nuoc-day-manh-bom-hon-35-000-ty-dong-vao-thi-truong-241933.html
Comment (0)