Interest Rate in Laos
Laos - Interest RateThe economy is likely growing strongly so far this year, powered by the construction sector—in particular thanks to the development of the flagship Laos-China railway—and strong private spending. Moreover, local sources reported that tourist arrivals rose 5% year-on-year in H1, supported by greater Chinese visitor numbers and likely linked to the Visit Laos-China tourism campaign. Less positively, international reserves fell in the first five months of the year according to Central Bank data, and are below two months’ worth of imports. This, coupled with a large current account deficit, makes the economy vulnerable to external shocks. Meanwhile, the IMF concluded a staff visit in August; while praising strong economic momentum, the Fund urged the government to strengthen its fiscal position and monetary governance.
Laos - Interest Rate Data
|Policy Interest Rate (%)||6.25||6.25||5.63||5.31||5.00|
5 years of economic forecasts for more than 30 economic indicators.
Laos Interest Rate Chart
|Exchange Rate||8,691||0.31 %||Jul 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.