More banks lower savings interest rates

Agribank is the third state-owned commercial bank to reduce interest rates following the Government's directive. Previously, the Joint Stock Commercial Bank for Investment and Development (BIDV) and the Joint Stock Commercial Bank for Industry and Trade (VietinBank) had reduced interest rates by 0.1% per year for terms from 1 to less than 6 months. Currently, about 26 commercial banks have reduced interest rates following the directives of the Government and competent authorities.

The above interest rate adjustment trend aims to stabilize the deposit and lending interest rates, contributing to supporting the economy according to the orientation of the State Bank. The State Bank said that in the coming time, the banking system will continue to adjust interest rates to ensure flexible monetary policy, stabilize the macro economy and support businesses and people to access capital at reasonable costs.

TRUC HUYNH

Source: https://baobinhduong.vn/them-ngan-hang-ha-lai-suat-tien-gui-tiet-kiem-a344401.html