VND/USD & SBV issued bills. 🟩TD Sequential 9+
Because some people asked about the information that SBV issued issuing bills today, I also note a little bit.
(Tra Ngoc Phuoc)
🟩This time, SBV issued bills with competitive interest rates and did not announce the volume (depending on demand).
After 15h, the result of the winning interest rate was 0.69%.
This is an operation to intervene in liquidity (only liquidity, not implying money supply) of SBV, performing buying/selling depending on the actual situation on the market.
🟩Currently, it mainly affects the psychology of fear of “money withdrawal” of investors.
However, with the current state of excess liquidity, this does not have any significant impact.
It is necessary to monitor further actions, whether SBV will continue to issue more or not.
As for the implication, SBV may have further intervention to consider the interest rate exchange rate story.
(Tra Ngoc Phuoc)
🟩This time, SBV issued bills with competitive interest rates and did not announce the volume (depending on demand).
After 15h, the result of the winning interest rate was 0.69%.
This is an operation to intervene in liquidity (only liquidity, not implying money supply) of SBV, performing buying/selling depending on the actual situation on the market.
🟩Currently, it mainly affects the psychology of fear of “money withdrawal” of investors.
However, with the current state of excess liquidity, this does not have any significant impact.
It is necessary to monitor further actions, whether SBV will continue to issue more or not.
As for the implication, SBV may have further intervention to consider the interest rate exchange rate story.
