Vietnam: Weak Dong Will Not Stop Rate Cuts
Banking & Financial Services / Vietnam / Thu 25 Apr, 2024
Key View
- We maintain our forecast for the central bank to cut its policy rate from 4.5% to 4.0% by end-2024.
- We think the Bank will ease policy further to help ensure the economy meets the government’s GDP and credit growth targets, and relatively benign inflation will allow the Bank to cut.
- While recent dong weakness is a constraint, we do