COLOMBO, May 26 : Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in three years, and signalled more tightening as surging energy costs whip up inflation and batter its currency.… For the full story, visit the source.
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Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation
COLOMBO, May 26 : Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in three years, and signalled more tightening as surging energy costs whip up inflation and batter its currency.…
CNA· 2 days ago· 2 min read
This summary is sourced from CNA. Read the full article at:CNA