TITLE

Vietnam: Surprise Rate Hike Supports Our Core View

PUB. DATE
November 2010
SOURCE
Emerging Markets Monitor;11/15/2010, Vol. 16 Issue 31, p8
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article presents a Business Monitor International (BMI) forecast for Vietnam in 2011, with particular focus on the surprise rate increase made by the State Bank of Vietnam on November 5, 2010. The move of the state bank is described as a desperate attempt to boost the deteriorating confidence in the country's currency and divert speculation of further devaluations. The rising prices of food and fuel are still considered key risks for the growth of the inflation rate.
ACCESSION #
57236322

 

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