SBV willing to sell foreign currencies if necessary (24/9)
25/09/2015 - 28 Lượt xem
A press release following the meeting said: “Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term”, and the FOMC “is monitoring developments abroad.”
As such, global economic and financial developments will continue to play an important role in the Federal Reserve System (FED)’s consideration of interest rate hikes in the time ahead, the Vietnamese central bank said.
The SBV stressed the possibility that the FED’s interest rate increase was reflected in the interest and exchange rate fluctuations in the international financial markets since late 2014, including the SBV’s adjustments to the average inter-bank VND/US$ exchange rate and VND/USD trading band.
The VND exchange rate now has enough room to be flexible to cope with negative impacts from the domestic and foreign markets through early 2016.
The FED’s rate rise in the near future will not affect the SBV’s exchange rate stabilization orientation, the central bank emphasized in its press release.
Source: Chinhphu.vn
