Laotian central bank raises rates amid high inflation

Inflation in Laos has been above 20% due to weak local currency

Bank of the Lao PDR front entrance sign and flags
The Bank of the Lao People's Democratic Republic
Photo: Spencer/Wikimedia

The Laotian central bank raised its policy rate for the fifth time in two years, as the South-east Asian country suffers from high inflation and a weakening currency.

The Bank of the Lao PDR decided to raise its interest rate for short-term loans from 8.5% to 10% on June 12, the Laotian Times reported on June 21. The central bank has raised rates by 690 basis points since May 2022.

Consumer price inflation was 25.77% year on year in May, compared with 24.98% in the previous month and a peak of 41

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.