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HSBC cuts its 2023 inflation forecast to 2.6% from 4.0% previously

According to economists from HSBC , 2023 has been a tough year for Viet Nam’s economy. Amid intensifying downside risks to growth, the SBV has decided to loosen monetary policy further. In less than three months, the SBV has delivered surprising cuts to its policy rate three times, each time of 50bp.