Decision 1606/QD-NHNN 2022 re-discount interest rate, overnight lending interest rate in inter-bank electronic payment

DECISION

On the refinancing interest rate, re-discount interest rate, overnight lending interest rate in inter-bank electronic payment and lending to offset the capital shortage in the clearing of the State Bank of Vietnam for credit institutions, foreign bank branches

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THE GOVERNOR OF THE STATE BANK OF VIETNAM

Pursuant to the Law on State Bank of Vietnam No. 46/2010/QH12 dated June 16, 2010;

Pursuant to the Government’s Decree No. 16/2017/ND-CP dated February 17, 2017 on defining the functions, tasks, powers and organizational structure of the State Bank of Vietnam;

At the proposal of the Director of the Monetary Policy Department.

DECIDES:
 

Article 1. To prescribe the interest rates of the State Bank of Vietnam as follows:

1. The refinancing interest rate: 5.0 per annum.

2. The re-discount interest rate: 3.5% per annum

3. The overnight lending interest rate in inter-bank electronic payment and lending to offset the capital shortage in the clearing of the State Bank of Vietnam for credit institutions, foreign bank branches: 6.0% per annum

Article 2. This Decision takes effect on September 23, 2022 and replaces the Decision No. 1728/QD-NHNN dated September 30, 2020 of the Governor of the State Bank of Vietnam on the refinancing interest rate, re-discount interest rate, overnight lending interest rate in inter-bank electronic payment and lending to offset the capital shortage in the clearing of the State Bank of Vietnam for other banks.

Article 3. The Chief of the State Bank’s Office, Director of the Monetary Policy Department, Heads of units of the State Bank of Vietnam, the credit institutions and foreign bank branches shall be responsible for the implementation of this Decision./.