Sri Lanka's central bank lowered interest rates by 50 basis points in an unexpected move on Tuesday as policymakers prioritised boosting growth and steering the economy out of its worst financial ...
Crude oil prices increased ... keeping output cuts in place. Overall, both Brent and WTI prices increased by more than US dollars 3.00 per barrel during the review period. The situation, therefore, ...
Poor governance caused Sri Lanka’s economic downturn and it culminated in bankruptcy. It is quite evident that poor ...
RECASTS with details of Beijing visit, ADDS China to slug Sri Lanka's central bank cut interest ... cut generous energy subsidies and raised prices of essentials to shore up state revenues.
The latest easing brings the total interest rate cuts to 700 basis points since last year as Sri Lanka began a painful ...
The rupee is currently under pressure, despite broadly prudent monetary policy, due to an ‘oversold position’ in the market ...
The central bank cut its key lending rate from 10% to 9.5% and the deposit rate from 9.0% to 8.5%, the first decrease in four months. (Reuters pic) COLOMBO: Sri Lanka’s central bank cut interest ...
The latest easing brings the total interest rate cuts to 700 basis points since last year as Sri Lanka began a painful recovery after ... 3% sales tax increase at the start of the year pushed up ...