Decision No. 466/2000/QĐ-NHNN of the Governor of the State Bank adjusts the discount rate for credit institutions to 0.45%/month. This decision takes effect from November 6, 2000, and replaces previous decisions.
Scope of application
Credit institutions
Key points
- Credit institutions → shall apply a discount rate of 0.45%/month from November 6, 2000.
🌐 Social impact of this document
- Positive impact: Reduces borrowing costs for credit institutions, helping to lower lending rates for customers.
- Negative impact: May exert financial pressure on banks due to a lower interest rate compared to before.
❓ Frequently asked questions
What is the new discount rate?
The new discount rate is 0.45%/month.
When does this decision take effect?
This decision takes effect from November 6, 2000.
Which previous decision does this decision replace?
This decision replaces Decision No. 239/2000/QĐ-NHNN dated July 31, 2000, of the Governor of the State Bank.
What actions must credit institutions undertake?
Credit institutions must apply a discount rate of 0.45%/month from November 6, 2000.
For how long is this decision effective?
This decision takes effect from November 6, 2000, without specifying a specific duration.
Full text
DECISION OF THE GOVERNOR OF THE STATE BANK OF VIETNAM
Regarding the adjustment of interest rates by the State Bank for credit institutions
GOVERNOR OF THE STATE BANK OF VIETNAM
Pursuant to the Law on the State Bank No. 01/1997/QH10 dated December 12, 1997;
Pursuant to the Government Decree No. 15/CP dated March 2, 1993 on the tasks, powers, and responsibilities of state management of ministries and ministerial-level agencies;
At the proposal of the Director of the Monetary Policy Department,
DECISION:
Article 1. The discount rate of the State Bank for credit institutions is now adjusted to 0.45% per month.
Article 2. This Decision takes effect from November 6, 2000 and replaces Decision No. 239/2000/QĐ-NHNN1 dated July 31, 2000 of the Governor of the State Bank on the discount rate of the State Bank for credit institutions.
Article 3. The Head of the Office of the State Bank, Heads of units under the State Bank of Vietnam, Governors of State Bank Branches in provinces and cities, Chairmen of the Boards of Directors and General Directors (Directors) of credit institutions are responsible for implementing this Decision./.
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