Singapore’s United Overseas Bank (UOB) has said it believes the State Bank of Vietnam (SBV) will keep rates on hold next year to boost growth, Vietnam Plus is reporting. The UOB predicted back in September that rates would be cut before the end of this year, but this has not as yet materialised.

Of note: The SBV uses a number of different mechanisms to manage the economy, including interest rates, treasury bills, credit growth limits, and foreign reserves to name but a few. In this context, it can be difficult to predict which lever the SBV will use at any given time.

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