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VN central bank continues net cash injections to support liquidity

Last update: 17:34 | 13/06/2018

The State Bank of Viet Nam (SBV) has continued net cash injections into the monetary market for three consecutive weeks to support the liquidity of the banking system.


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The central bank pumped into the monetary market VND36.74 trillion (US$1.61 billion) last week. — Photo cafef.vn


According to the latest report of the Bao Viet Securities Company (BVSC) on the bond market, VND36.74 trillion (US$1.61 billion) were continuously pumped into the market last week. In the two previous weeks, the central bank also pumped VND3.4 trillion into the market.

The move proves that the liquidity of the banking system is not as abundant as it was earlier, BVSC analysts said.

In the inter-bank market, the interest rates for overnight and two-week loans slid by 0.02 and 0.03 percentage points in the past week to 1.66 and 1.84 per cent per year, respectively.

In contrast, one-week loans rose by 0.08 percentage points to 1.77 per cent.

The BVSC’s bond report also showed that the State Treasury last week offered a total of VND6 trillion worth of G-bonds with different maturities, including five-year, seven-year, 20-year and 30-year bonds valued at VND500 billion each and 10-year and 15-year bonds at VND2 trillion each.

The auction raised VND3.24 trillion from 10-year and 15-year bonds, with interest rates inching up.

This week, the State Treasury plans to offer another VND6 trillion worth of bonds with different maturities. — VNS

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