Tight but flexible monetary policies continue
VGP - It is necessary to adopt flexible measures to realize the Resolution 11’s goals of curbing inflation, stabilizing macro-economy and ensuring social security, Deputy PM Vũ Văn Ninh said when working with the State Bank of Việt Nam on August 25.
Deputy PM Vũ Văn Ninh: “The recent monetary policy adoption of the State Bank of Việt Nam is good, showing many bright spots.” – Photo: VGP |
To this end, the central bank will take synchronous measures, including regulating money supply, ensuring the credit growth of below 20% and foreign exchange liquidity, increasing foreign reserves, keeping basic interest rates unchanged, considering lower interest rates in case of deflation, continuing to keep the ceiling mobilization interest rate of 14%, and trying to remove the cap if possible.
Photo: VGP |
The central bank will try to help keep inflation in 2012 at one-digit rate, total payment rise of 17-19%, and total outstanding loan increase of 18 – 21%.
Concluding the working session, Deputy PM Vũ Văn Ninh said the central bank has recently done its tasks well, helping curb inflation and stabilize macro-economy.
By Ngọc Vân