Laos Interest Rate

The benchmark interest rate in Laos was last recorded at 5 percent. Interest Rate in Laos is reported by the Bank of the Lao PDR. Interest Rate in Laos averaged 9.37 Percent from 1992 until 2014, reaching an all time high of 35 Percent in December of 2001 and a record low of 4 Percent in September of 2009. In Laos, interest rates decisions are taken by the Bank of the Lao People’s Democratic Republic. The official interest rate is the short-term lending interest rate. This page provides - Laos Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.00 5.00 35.00 4.00 5.00 | 2014/06 1992 - 2014 Percent Monthly

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Laos Interest Rate
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Money Last Previous Highest Lowest Forecast Unit
Interest Rate 5.00 2014-03-31 5.00 35.00 4.00 5.00 2014-06-30 Percent [+]
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Interest Rate | Notes
The interest rate shown on this page refers to the central bank benchmark interest rate. Usually, the central bank benchmark interest rate is the overnight rate at which central banks make loans to the commercial banks under their jurisdiction. Moving the benchmark interest rate, the central bank is able to make an impact on interest rates of commercial banks, inflation level of the country and national currency exchange rate. Reduction of interest rates should bring increase in business activity, a rise in inflation rate and weakening of national currency. In case of increase in interest rates the level of business activity is likely to drop, inflation declines and national currency strengthens.


RELATED NEWS

Laos Government Budget at -12.40 Percent of GDP  
Laos recorded a Government Budget deficit equal to 12.40 percent of the country's Gross Domestic Product in 2013. Government Budget in Laos is reported by the Bank of the Lao PDR.
Laos GDP Annual Growth Rate at 7.93 Percent  
The Gross Domestic Product (GDP) in Laos expanded 7.93 percent in 2012 from the previous year. GDP Annual Growth Rate in Laos is reported by the Bank of the Lao PDR.
Laos Current Account to GDP at 2.30 Percent  
Laos recorded a Current Account surplus of 2.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Laos is reported by the Bank of the Lao PDR.
Laos Exports at 565.54 USD Million  
Exports in Laos increased to 565.54 USD Million in the second quarter of 2013 from 525.44 USD Million in the first quarter of 2013. Exports in Laos is reported by the Bank of the Lao PDR.
Laos Inflation Rate at 5.66 Percent  
The inflation rate in Laos was recorded at 5.66 percent in February of 2014. Inflation Rate in Laos is reported by the Bank of the Lao PDR.
Laos Personal Income Tax Rate at 24.00 percent  
The Personal Income Tax Rate in Laos stands at 24 percent. Personal Income Tax Rate in Laos is reported by the Ministry of Finance.
Laos Corporate Tax Rate at 24.00 percent  
The Corporate Tax Rate in Laos stands at 24 percent. Corporate Tax Rate in Laos is reported by the Ministry of Finance.
Laos Sales Tax Rate | VAT at 10.00 Percent  
The Sales Tax Rate in Laos stands at 10 percent. Sales Tax Rate in Laos is reported by the Ministry of Finance.
Laos Government Debt To GDP at 33.43 Percent  
Laos recorded a Government Debt to GDP of 33.43 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Laos is reported by the Bank of the Lao PDR.
Laos Balance of Trade at -83.26 USD Million  
Laos recorded a trade deficit of 83.26 USD Million in the second quarter of 2013. Balance of Trade in Laos is reported by the Bank of the Lao PDR.
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