Bank of Lao PDR raises interest rates on kip and foreign currency deposits to combat inflation.

The Bank of Lao PDR (BOL) raises interest rates on Lao currency kip and foreign currency deposits to combat inflation. The decision follows an earlier interest rate increase in June and aims to address inflationary pressures and improve foreign currency management. Laos' economy remains sensitive to global economic conditions due to currency imbalances and excessive credit growth.

August 28, 2024
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