Falling into line with others in the region and world, Vietnam's central bank cut its key interest rate, from 8% to 7% in a bid to lift economic growth. But some analysts saw risk in the move. "If the inflation outlook goes further down, the risks of another cut will rise. The rate cuts can assist in boosting credit demand, but credit growth is being suppressed on the supply side," said Vincent Conti, an economist at Australia & New Zealand Banking Group.
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