Sri Lanka’s government has announced significant cuts in fuel prices, providing welcome relief for many after a year of shortages and skyrocketing prices amid the country’s worst economic crisis.
Sri Lankans are facing fuel and food shortages, and steep price rises as the country is in the midst of its worst economic crisis in living memory. Millions are having to endure daily power cuts ...
Many blame the government for the escalating fuel prices rather than understanding Sri Lanka is just a tiny spec in the global economy and a price-taker in the global petroleum market. These pressures ...
The Central Bank of Sri Lanka reduced its benchmark lending rate from 10 percent to 9.5 percent and the deposit rate from 9.0 ...
Sri Lanka's central bank lowered interest rates by 50 basis points in an unexpected move on Tuesday and said there was space ...
Authorities in Sri Lanka are imposing rolling power cuts across the island nation as its deepening financial crisis leads to shortages of fuel and handicaps its power grid. Sri Lanka’s public ...
The latest move brings the total interest rate cuts to 700 basis points since last year The Central Bank of Sri Lanka lowered the ... start of the year pushed up prices and boosted inflation ...
Sri Lanka’s central bank cut interest rates on Tuesday as the country emerged from its worst economic crisis that forced the ...