vietnam-hikes-interest-rates-and-devalues-currency

Vietnam hikes interest rates and devalues currency

The central bank raises interest rates to 8% and devalues its currency û moves needed to keep inflation in check and growth on target.

Vietnam is first out of the gate in a race no one wants to be in. It is the first nation in Asia to raise interest rates in an effort to put a stop to rising inflation.

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