Central bank of Laos vows to rein in inflation

khonthakek · Guru

Central bank of Laos vows to rein in inflation

Date: Feb 18, 2010

What a copy cat...I kind of wondering if the chinese has
any influence in laos central bank decision making at all.

Date: Feb 18, 2010

khonthakek wrote:

http://www.asianewsnet.net/news.php?id=10132&sec=2&t=10117

The Bank of the Lao PDR will not provide loans to new public infrastructure construction projects this fiscal year in an effort to curb inflation, according to a senior bank official.
The central bank's Office Head, Mr O Vilaphan, confirmed the move on Tuesday after inflation in Laos reached 3.9 percent in December, increasing from 1.5 percent in November and negative 0.11 percent in October

Good move, But, i would to know how big the Construction company? It is large, midium, or small ? and how much they loan it out to these company?? there's not much detail about these companies either.

Date: Feb 18, 2010

Inflation of 3.9 percent is not too bad. Do you want to know what the inflation rate is of Zimbabwe?

Date: Feb 18, 2010

How is loaning money a curb to inflation?

Date: Feb 18, 2010

Anonymous wrote:

Inflation of 3.9 percent is not too bad. Do you want to know what the inflation rate is of Zimbabwe?

Thanks Bro, I've already knew what was going on in Zimbabwe some years ago. this is what happen when you were in the power for too long, i mean Mugabi.this old man need to remove from power, and let' some young Zimbaweans run the country... a matter of fact, the end of the last year i saw a kid carried a small backpack with a billions dollars Zimbawe currencies...

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Date: Feb 18, 2010

Anonymous wrote:

What a copy cat...I kind of wondering if the chinese has
any influence in laos central bank decision making at all.

C'm on Bro, This is not a copy cat, and you don't need any Chinese to influence you to do it. if you run the country economy. this is what you would've done too. Stop spending and spending than you could bring it in. that's why it happened to all the financial sectors, especially Fandi-Mae and Fredi-mac. they kept giving and giving a loan to unqualify persons or company that couldn't pay them back, at the end, Fandi-mae and Freddi-mac brought down the world housing market aroud the world, BROTHER....