Vietnam central bank says inflation above target but remains under control
Vietnam's annual inflation in September was 5.08%, up from 4.89% in August, putting pressure on monetary policy management for the rest of the year, according to central bank deputy governor Pham Thanh Ha. The country has a target of keeping inflation at 4.5% this year. Banks' total lending has risen 11.59% from the end of last year.
(Adds details) HANOI, Oct 7 (Reuters) — The rise in annual inflation in September has put pressure on Vietnam's monetary policy management for the rest of this year but prices remain under control, central bank deputy governor Pham Thanh Ha said on Wednesday. 89% in August, according to data from the statistics office. Export-reliant Vietnam has faced higher prices for imported fuels this year due to the Iran war. 59% from the end of last year, Ha said.
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