According to the monetary market report for the week of June 8th 11th of Bao Viet Securities Company (BVSC), two trillion dong of bills matured in the week and the State Bank of Vietnam (SBV) did not make any new issuance. This amount of money was injected directly into the market which has still been abundant in liquidity in the recent time.
All of the volume of bills in circulation have matured. In the coming week, if the SBV does not carry out new issuance, there will be no more net injection/ net withdrawal in the Open Market Operation (OMO) will.
The interbank interest rates in the last week continued to fall on overnight, one-week and two-week terms. They respectively dropped by 0.07%, 0.13 percent and 0.2 percent per annum to 0.18%, 0.26 percent and 0.39 percent per annum, respectively.
In the coming week, since there is no large amount of bills maturing, the OMO will not see strong net injection as in the recent time. Based on that, BVSC believed that the interbank interest rates may bounce back in the coming weeks.
