CPI to rise due to health-care charges
HA NOI
(VNS) - The country's consumer price index (CPI) in June is set to increase
between 0.5 and 0.6 per cent against the previous month, according to the
Vietcombank Securities Co (VCBS).
The anticipated hike is significant when compared to the rise
in the past few months. According to the General Statistics Office, CPI's
rise was low at 0.08 per cent in April, 0.2 per cent in May and – 0.44 per
cent in March.
VCBS said that the hike in health-care service fees in
With this year's inflation anticipated to be roughly 5 per
cent, VCBS said that it would be difficult for the central bank to further
cut the deposit interest rate next month.
Lending rates will be also unchanged, and so will exclusive
old loans with high rates of more than 13 per cent, if the capital mobilisation
source of commercial banks remains stable, as is currently the case, it said.
Director of the central bank's Monetary Policy Department,
Nguyen Thi Hong recently also affirmed that the central bank will maintain
the current deposit interest rate until the end of the year, provided there
is no sudden change in the CPI.
Hong said that commercial banks might reduce the lending rate
by 1 to 2 per cent this year if conditions permit.
In a report on banking activities in the week ending May 30,
the central bank said that deposit and lending interest rates in dong
continued to be stable.
It said that commercial banks offered dong deposit interest
rates at 0.8 to 1 per cent per year for demand deposits and those less than
one month; 5.5 to 6 per cent for term deposits from one to six months and 6
to 7.5 per cent for deposits between six months and a year. They also offered
7.5 to 8.3 per cent for deposits with a maturity period of over one year.
Lending interest rates in domestic currency for five prioritised
sectors, including agricultural producers, exporters, small and medium-sized
enterprises (SMEs), supporting industries and hi-tech businesses were between
7 and 8 per cent. Other sectors were charged lending rates of 9 to 10 per
cent for short-term loans and 10.5 to 12 per cent for medium and long-term
loans.
Businesses with healthy and transparent financial positions
and viable business plans could borrow at 6 to 7 per cent per year. - VNS
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Thứ Tư, 11 tháng 6, 2014
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