Burma’s Rate Cut Looming as Carry Trades Explode!

(Direct translation of news article from Eleven Media Group.)





Mountain of Burmese Kyats.

Burma’s inflation is only
2.82% but the Union Bank’s benchmark interest rate is 10%. And the businesses
and banking experts and economists are calling the Union Bank to reduce the
benchmark rate as many businesses are facing tough environment for their long
term survival amidst explosively growing