Vietnam's central bank to manage interest rates to ensure macroeconomic balance

HANOI, July 24 (Xinhua) -- The State Bank of Vietnam will manage interest rates in accordance with macroeconomic balance and inflation in the second half of 2024 to ensure macroeconomic stability and inflation control, Vietnam News cited the bank's deputy governor Dao Minh Tu on Wednesday.

The bank will continue to direct credit institutions to reduce operation costs to cut lending interest rates, he said.