VIENTIANE (Laotian Times): The Bank of Laos has lowered its base interest rate by 0.5 per cent, a move aimed at giving businesses and households some breathing room as the country navigates both domestic and international economic challenges.
The decision came during a Monetary Policy Committee meeting on 15 August, chaired by Governor Bounkham Vorachith. Officials reviewed recent economic trends and agreed that lowering the rate would support growth while helping to stabilize the financial system.
