Vietnam central bank is preparing to initiate a fourth round of monetary policy easing to stimulate an economy faltering due to a slump in exports and property sector troubles. The central bank announced a 50-bps reduction in refinancing (4.5%), discount (3.0%), and overnight lending rates (5.0%), intending to stabilize the economy and reduce lending rates for businesses and individuals. Policymakers also lowered the dong deposit cap rate for terms ranging from one month to below six months by 25 bps to 4.75%.