Vietnam cuts its benchmark interest rate 100 bps to 12% on the heels of a report showing...

|By:, SA News Editor

Vietnam cuts its benchmark interest rate 100 bps to 12% on the heels of a report showing inflation has slowed to 8.34%. The central bank had been on cycle of rate hikes as inflation printed more than 20% last summer. Shares rose 1.6% last night. VNM +24% YTD.