SBV net injects 40.5tr dong to the market

16-Dec-2017 Intellasia | BizLive | 6:00 AM Print This Post

The latest report of Bao Viet Securities Company (BVSC) shows that last week, the OMO market was quiet when there was no new injection.

Meanwhile, via T-bill channel, the State Bank issued 15.1 trillion dong new T-bills while the matured capital in the week was 55.6 trillion dong.

As such, last week, the State Bank net pumped 40.5 trillion dong via T-bill channel. As such, via OMO and T-bill channels, the State Bank net injected 40.5 trillion dong to the market.

This shows that the system’s liquidity was somewhat narrower than the previous weeks.

Meanwhile, the average interbank interest rates in the past week tended to increase for overnight, one week and two week terms with the range of 0.24-0.52 percent.

Specifically, the average interest rate for overnight term increased 0.52 percent to 1.29 percent/annum, the average interest rate for one-week term swelled 0.36 percent to 1.42 percent/annum, the average interest rate for two-week term improved 0.24 percent to 1.61 percent/annum.

As per BVSC’s assessment, the uptrend of interbank interest rates, along with the net injection via T-bill channel of the State Bank shows that the system’s liquidity was less abundant than the previous week.


Category: Finance, Vietnam

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