Vietnam central bank says no imminent plan to cut policy rates

The State Bank of Vietnam building in Hanoi. - AFP

HANOI, Aug 10 (Reuters): Vietnam's central bank said on Tuesday it has no imminent plan to cut its policy rates to shore up the economy as the Southeast Asian economy battles its biggest Covid-19 outbreak yet.

Local commercial banks' liquidity is abundant and interbank interest rates are quite low while the economy's capital demand is not high, the deputy governor of the State Bank of Vietnam said.