ĐÁNH GIÁ TÁC ĐỘNG CỦA CHÍNH SÁCH LÃI SUẤT CỦA NƯỚC MỸ GIAI ĐOẠN 2023-2025 TỚI KINH TẾ VIỆT NAM

Abstract

In recent years, Vietnam's economy has faced many difficulties in the context of world fluctuations, especially the tightening monetary policy of the US Federal Reserve (Fed). The high interest rates of domestic commercial banks due to the pressure of the Fed to raise interest rates have reduced liquidity and increased financial costs for the corporate sector, increase and decrease in exports, and negatively affect the domestic stock market. In addition, the unstable growth outlook of the world investment environment due to the Fed's interest rate has also negatively affected Vietnam's trade and investment activities. In the period of 2023-2025, the Fed's interest rate management trend is expected to have some important adjustments, significantly affecting the outlook for domestic economic development. Using the NiGEM global econometric model of the British Institute of Socio-Economics, the researchers assessed the impact of US monetary policy for the period of 2023-2025 towards Vietnam's macroeconomic indicators thereby proposing supportive policies to support economic stability and promote growth.