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Economics Update – A good start to the year

Economics Note 18/02/2019    162

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  • Headline inflation eased to 2.6% yoy in Jan thanks to low oil prices.
  • Manufacturing PMI moderated in Jan due to the Lunar New Year effect.
  • The SBV continued to raise FX reserves, taking advantage of abundant US$ supply and the peak season for banking liquidity during the Tet holiday.

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