State Bank of Vietnam implements third round of interest rate cuts to boost economy
The State Bank of Vietnam (SBV) has just announced a series of interest rate reductions that will take effect from May 25.
Source: vir.com.vn
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Financially vulnerable people losing last resort to get loans
Financially vulnerable people losing last resort to get loans
Source: koreatimes.co.kr
Banks to feel impact of another OPR cut?
Unperturbed, AMMB Holdings Bhd group CEO Datuk Sulaiman Mohd Tahir says the lender has already factored in future rate cuts.“In our scenario planning, we have already factored in potential rate cuts as part of our risk management plan, ” he tells StarBizWeek. WITH a large portion of Malaysia now in full-swing movement control order (MCO) mode given the recent spike in Covid-19 cases, new concerns over economic growth have emerged. The question now is will Bank Negara cut the benchmark Overnight Policy Rate (OPR) to spur growth at its upcoming Monetary Policy Committee (MPC) next week? And...
Source: thestar.com.my