Using the interest rate tool to control inflation in Vietnam

Abstract

Inflation is considered as a phenomenon associating with the market economy, so in
modern economic circumstances, controlling inflation is one of the essential targets of
each nation. However, how to control inflation is not easy as inflation results
from different causes and occurs in different economic and social circumstances in
different nations, which makes use of the different interest rate tools in controlling
inflation to gain various goals. This article discusses the use of the interest rate tool in controlling inflation in Vietnam - based on the successful lessons and the limitations of this tool.