Vietnam refuses to ease monetary policy further

The whopping 500 bps cut in benchmark rates is already enough.

According to BBVA Research, Vietnam will not ease monetary policy further, as said by the country's central bank governor in a response to calls for more rate cuts at a meeting in Hanoi today.

"The State Bank of Vietnam has cut benchmark rates this year by a combined 500 bps over concerns of a slowdown in growth, while inflation has also trended down," BBVA said.

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