Inflation forcing Laos to tighten monetary policies

The price of goods and services increases significantly in Laos. - VT

VIENTIANE (Vientiane Times/Asia News Network): High inflation pressures in many Asian countries including Laos are driving central banks to tighten monetary policy more quickly than expected, according to a new report by the Asian Development Bank (ADB).

The Asian Economic Integration Report 2023 stated that tightening monetary policies to contain inflationary pressures in many advanced economies are affecting external demand and do not bode well for the region’s exports.