According to the figure of the consumer price index (CPI) released by the National Institute of Statistics (NIS), the inflation of the cost of living conditions in Phnom Penh increased 1.8 percent in June in comparison with May, when the prices rose 1 percent. The increase in inflation is because of the increasing prices of [...]
Posts Tagged ‘Inflation’
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Reserve requirements
March 3rd, 2009 
Cambodia Economy ON July 11, 2008, the price of a barrel of oil hit a record US$147.55, and most natural resource and food commodities were setting new highs and increasing inflation. In Cambodia there were stories of people switching from cars and motorbikes to bicycles or even walking. As gas approached 5,700 riels ($1.36) per litre, commuting [...]
National Bank cut reserve requirement from 16% to 12%
January 26th, 2009 Cambodia Economy Commercial Banks and real estate agencies applauded the move, which the National Bank of Cambodia slashes bank reserve requirement from 16 percent to 12 percent, eliminated restrictions on real estate lending effective on Feb 01. The Central Bank tripled the minimum capital requirement for all commercial banks on September 19, 2008 in a bid to [...]
