In his urgent directive, the PM asked the central bank to work closely with relevant agencies to monitor global and regional developments, including financial and monetary policies of major economies, ensuring that Vietnam can respond swiftly and effectively to any changes in the global economic climate.
Monetary policy management should be proactive, flexible, timely, and effective, ensuring close and harmonious coordination with a reasonable expansionary fiscal policy, with focuses and targets, and other macroeconomic policies, he said.
The directive underscored the need for drastic measures to manage interest and exchange rates, credit growth, and money supply while also reducing lending rates. The ultimate goal is to facilitate a quick recovery for citizens and businesses hit by Typhoon No. 3, restore production and business activities, stimulate economic growth, and maintain macroeconomic stability./.
