Laos Central bank tightens monetary policy


VIENTIANE (Vientiane Times/Asia News Network) The Bank of the Lao PDR (BOL) has made changes to its reserve requirement level and base interest rate, as announced by the bank’s governor.

The move is aimed at reducing the amount of money in circulation and curbing the spiralling inflation rate, which was recorded at 9.9 per cent in April.

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Laos , central , bank , monetary , policy

   

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