DECISION

ON THE REFINANCING RATE, REDISCOUNT RATE, OVERNIGHT RATE FOR INTER-BANK ELECTRONIC PAYMENT, AND INTEREST RATE FOR LOANS FOR COVERING THE CAPITAL SHORTFALL REGARDING CLEARING OF THE STATE BANK OF VIETNAM FOR CREDIT INSTITUTIONS AND BRANCHES OF FOREIGN BANKS.

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 Decree No. 16/2017/ND-CP dated February 17, 2017 of the Government on function, tasks, powers and organizational structures of the State Bank of Vietnam;

At the request of the Director General of the Monetary Policy Department,

HEREBY DECIDES:

Article 1. Regulations on interest rates of the State Bank of Vietnam are as follows:

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2. Rediscount rate: 4,5%/year.

3. Overnight rate for inter-bank electronic payment and interest rate for loans for covering the capital shortfall regarding clearing of the State Bank of Vietnam for credit institutions and foreign bank branches: 7,0%/year.

Article 2. This Decision comes into force from October 25, 2022 and replaces Decision No. 1606/QD-NHNN dated September 22, 2022 of the Governor of the State bank of Vietnam on the refinancing rate, rediscount rate, overnight rate for inter-bank electronic payment, and interest rate for loans for covering the capital shortfall regarding clearing of the State Bank of Vietnam for credit institutions and foreign bank branches.

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

PP. GOVERNOR
DEPUTY GOVERNOR




Pham Thanh Ha