SBV continues net cash injections to support liquidity
The central bank pumped into the monetary market VNĐ 三 六. 七 四 trillion (US$ 一. 六 一 billion) last week. - Photo cafef.vn
HÀ NỘI — The State Bank of Việt Nam (SBV) has continued net cash injections into the monetary market for three consecutive weeks to support the liquidity of the banking system.
According to the latest report of the Bảo Việt Securities Company (BVSC) on the bond market, VNĐ 三 六. 七 四 trillion (US$ 一. 六 一 billion) were continuously pumped into the market last week. In the two previous weeks, the central bank also pumped VNĐ 三. 四 trillion into the market.
The move proves that the liquidity of the banking system is not as abundant as it was earlier, BVSC analysts said.
In the inter-bank market, the interest rates for overnight and two-week loans slid by 0.0 二 and 0.0 三 percentage points in the past week to 一. 六 六 and 一. 八 四 per cent per year, respectively.
In contrast, one-week loans rose by 0.0 八 percentage points to 一. 七 七 per cent.
The BVSC’s bond report also showed that the State Treasury last week offered a total of VNĐ 六 trillion worth of G-bonds with different maturities, including five-year, seven-year, 二0-year and 三0-year bonds valued at VNĐ 五00 billion each and 一0-year and 一 五-year bonds at VNĐ 二 trillion each.
The auction raised VNĐ 三. 二 四 trillion from 一0-year and 一 五-year bonds, with interest rates inching up.
This week, the State Treasury plans to offer another VNĐ 六 trillion worth of bonds with different maturities. — VNS
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