Laotian central bank raises rates again
South-east Asian country still battling with inflation of more than 20%
The central bank of Laos has raised its policy rate for the sixth time in two years, as the country suffers from high inflation and a weakening currency.
The Bank of the Lao PDR raised its interest rate for short-term loans from 10% to 10.5% on August 27, according to its website.
Consumer price inflation was 24.3% year on year in August, slowing from 26.1% in July and a peak of 41.3% in February 2023, according to the official bureau of statistics.
The World Bank has said it expects inflation in
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