Bank of Laos raises interest rate to 10% amid economic challenges

Image from Laotian Times

VIENTIANE (Laotian Times): The Bank of the Lao PDR (BOL) has announced an increase in its interest rate for short-term loans from 8.5 per cent to 10 per cent per annum.

This decision is in response to both domestic and global economic changes and reflects the bank’s efforts to address ongoing economic challenges.