{"id":16195,"date":"2022-09-30T15:19:58","date_gmt":"2022-09-30T08:19:58","guid":{"rendered":"https:\/\/gtht.com.vn\/?post_type=research&#038;p=16195"},"modified":"2022-09-30T15:19:58","modified_gmt":"2022-09-30T08:19:58","slug":"gtjasvn_monetary-digest-1_sep-2022","status":"publish","type":"research","link":"https:\/\/gtht.com.vn\/en\/research\/gtjasvn_monetary-digest-1_sep-2022\/","title":{"rendered":"GTJASVN_Monetary Digest #1_Sep 2022"},"content":{"rendered":"<p style=\"text-align: justify\"><strong><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">GTJA VIETNAM\u2019S COMMENT<\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: arial, helvetica, sans-serif;font-size: 14px\">We believe that the SBV\u2019s interest rate hike should be understood as a confirmation move (when the interest rate base in market 1 and market 2 has already increased) and is the directional action. And the guidance here is one that is more focused on defending the flow of money throughout the economy: defending against the pressure of the dollar and defending against inflationary pressures. The monetary tools such as USD trading with commercial banks (both forward and spot) or credit room, or interest rates (on both market 1 and market 2) or OMO (open market operations) will continue to be used flexibly and depending on the specific period. It is not like there is going to be a &#8220;hard&#8221; trend for any tool.<\/span><\/p>\n","protected":false},"author":12,"featured_media":0,"template":"","cate_research":[70],"specialized":[],"class_list":["post-16195","research","type-research","status-publish","hentry","cate_research-macro-market-report"],"yoast_head":"<title>GTJASVN_Monetary Digest #1_Sep 2022 - Ch\u1ee9ng Kho\u00e1n Guotai Haitong (Vi\u1ec7t Nam)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtht.com.vn\/en\/research\/gtjasvn_monetary-digest-1_sep-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTJASVN_Monetary Digest #1_Sep 2022 - Ch\u1ee9ng Kho\u00e1n Guotai Haitong (Vi\u1ec7t Nam)\" \/>\n<meta property=\"og:description\" content=\"GTJA VIETNAM\u2019S COMMENT We believe that the SBV\u2019s interest rate hike should be understood as a confirmation move (when the interest rate base in market 1 and market 2 has already increased) and is the directional action. 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