State bank to continue market-based monetary policies
VNGOP - In the first quarter of 2008, the State Bank actively implemented comprehensive and drastic solutions to regulate monetary and credit policies to tightly control liquidity and credit balance, contributing to inflation curbing and economic development.
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Monetary policies are implemented in line with market principles – Illustration photo |
According to the State Bank, although some negative changes were seen in monetary and credit actualities in the first quarter, the economy is getting on track and the consumer price index tends to go down. Credit organizations have generally overcome the temporary lack of lending capital as well as afforded compulsory reserve and treasury bill from the State Bank. The interest rate is controlled properly.
In the time to come, the State Bank revealed that it will continue flexible monetary policies in accordance with market principles; combine various tools and solutions to closely monitor credit growth; and enhance supervision over commercial banks to stabilize interest rate, rationalize exchange rate and rein inflation.
By Hải Minh
