DECISION

REFINANCING INTEREST RATE, RE-DISCOUNT INTEREST RATE, INTEREST RATE ON OVERNIGHT LOANS IN INTERBANK ELECTRONIC PAYMENT AND LOANS FOR MAKING UP FUND DEFICITS IN CLEARING PAYMENT GIVEN BY THE STATE BANK OF VIETNAM TO CREDIT INSTITUTIONS AND FOREIGN BANK BRANCHES

THE GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Law on State Bank of Vietnam No. 46/2010/QH12 dated June 16, 2010;

Pursuant to the Government's Decree No. 102/2022/ND-CP dated December 12, 2022 prescribing functions, tasks, powers and organizational structure of the State Bank of Vietnam;

At the request of the Director of the Monetary Policy Department.

HEREBY DECIDES:

Article 1. The following interest rates are adopted by the State Bank of Vietnam, including:

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2. Re-discount interest rate: 3,0%/year.

3. Interest rate on overnight loans in interbank electronic payment and loans for making up fund deficits in clearing payment given by the State Bank of Vietnam to credit Institutions and foreign bank branches: 5,0%/year.

Article 2. This Decision comes into force from June 19, 2023 and supersedes Decision No. 950/QD-NHNN dated May 23, 2023 of the Governor of the State Bank of Vietnam prescribing refinancing interest rate, re-discount interest rate, interest rate on overnight loans in interbank electronic payment and loans for making up fund deficits in clearing payment given by the State Bank of Vietnam to credit institutions and foreign bank branches.

Article 3. The Chief of Office, the Director of the Monetary Policy Department, heads of units affiliated to the State Bank of Vietnam, credit institutions and foreign bank branches are responsible for the implementation of this Decision./.

PP. GOVERNOR
DEPUTY GOVERNOR




Pham Thanh Ha