Macro Update – Continuing to have more actions for quantitative easing?

• International outlook – Concerns about negative impact of FED’s raising interest rate on Vietnam exchange rate are mitigated after FED’s action.
• Domestic outlook – There is a high probability that CPI will be controlled under 5% as targeted by the Government earlier this year. Pressure to raise interest rate from the issuance of government bond is resolved as the government has finished the issuance in 2016.

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