Hanoi, July 8 -- Amid multiple risks and uncertainties in the global economy, the State Bank of Vietnam (SBV) will maintain a proactive, flexible, timely, and effective monetary policy in harmony with fiscal and macro-economic measures to prioritise growth, uphold macroeconomic stability, and control inflation, according to SBV Deputy Governor Pham Thanh Ha. Ha noted that on July 8 (Vietnam time), the US announced new tariffs of 25-40% on imports from 14 countries, effective from August 1, with threats of further hikes if retaliatory measures are taken. Though inflation trends toward target levels, resurgence risks remain. These global financial and monetary risks are pressuring Vietnam's domestic monetary policy, exchange rate and intere...
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