Skip to content
MukhyamantriMukhyamantri
Business

Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation

The Central Bank of Sri Lanka (CBSL) raised the overnight policy rate to 8.75% from 7.75%, blaming higher ‌inflation and a depreciating rupee

By Reuters· BusinessLine· 2 days ago· 2 min read
Sri Lanka stuns with 100-bp rate hike as Iran war rattles currency, fuels inflation

The Central Bank of Sri Lanka (CBSL) raised the overnight policy rate to 8.75% from 7.75%, blaming higher ‌inflation and a depreciating rupee For the full story, visit the source.

This summary is sourced from BusinessLine. Read the full article at:BusinessLine
#Central Bank#Currency Depreciation#Inflation#Interest Rate Hike#Iran War#Srilanka