In a notable move, the State Bank (SBV) has just conducted the strongest money injection since the beginning of the year, to support financial market liquidity. The total amount of net injection from the State Bank has reached its highest level since February 2023, showing the initiative of the management agency in stabilizing the currency market.
According to the latest data, in the trading session on September 27, the State Bank provided more than 19,800 billion VND to 5 members through the valuable paper mortgage lending channel (OMO), with an interest rate of 4%/year and term of 7 days. Previously, for 4 consecutive days, the State Bank also injected about 48,000 billion VND into the market with the same interest rate and term, bringing the total amount of bills outstanding through OMO to 67,359 billion VND.
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