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Central bank to keep forex rates stable

by VTV421 September 2015 Last updated at 07:00 AM

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Central bank to keep forex rates stable
VTV.vn - Any possible interest rate hike this year by the U.S. Federal Reserve will not prompt Vietnam's central bank to alter its foreign exchange rate policy, the State Bank of Vietnam (SBV) said on Sunday.

The Vietnamese dong's exchange rate has sufficiently large ground to stay flexible against any adverse market changes at home and abroad, not only between now and the end of 2015 but also in the first months of 2016, the SBV said in a statement. The central bank also reaffirmed that it stood ready to ensure the exchange rate balance by selling foreign currencies into the market when necessary.

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