Interbank interest rates increased for most terms

Last week (from October 13 to 17), interbank interest rates increased sharply across most terms.

Accordingly, on October 16, overnight interest rates jumped to 5.75%/year, up nearly 1 percentage point compared to last week.

The 1-week and 2-week terms had interest rates of 5.72%/year and 5.8%/year, up 0.81% and 0.71% respectively. The 1-month term saw a slight increase to 5.46%/year, while the 3-month term increased to 5.79%, up 0.19 percentage points. This development shows that the short-term interest rate level remains high, reflecting a temporary increase in liquidity demand.

Illustration photo.

On the open market (OMO), the winning bid volume on the mortgage channel reached 60,000 billion VND, for terms of 7 days, 14 days, 28 days and 91 days, with an interest rate of 4%.

Meanwhile, 51,426.07 billion VND matured on the mortgage channel; 150,630.73 billion VND circulated on the mortgage channel. In total, the State Bank injected a net 8,574 billion VND last week through the open market channel, reversing the trend compared to two weeks ago.

Source: https://hanoimoi.vn/lai-suat-lien-ngan-hang-tang-voi-hau-het-cac-ky-han-720212.html