Governor Giau Rejects Rumors Vietnam SBV Adds Liquidity to Banks
Governor Nguyen Van Giau of the State Bank of Vietnam, the country’s central bank, denied Monday the rumors that the central bank pumped a liquidity of roughly VND30 trillion (US$1.623 billion) to commercial banks.
“The central bank is planning to curb credit growth to tame inflation,” Giau said on December 14.
Responding to the rumors, local traders jumped in to buy shares yesterday, sending the benchmark VN-Index to jump 14.23 points, or 3.2% after four days of falling in a row.
Earlier last week, the central bank also rejected the speculation that it will raise compulsory reserves among banks and issue a banknote worth VND1 million, advising local peoples and traders to be cautious about and to update information from it. (VNA)
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