More in Sri-lanka
Sri Lanka slashes key interest rates by 250 basis points amid easing inflation
Sri Lanka’s central bank has significantly stimulated the country’s economy by cutting its key interest rates by 250 basis points. The decision comes as inflation in the nation eases, signalling that Sri Lanka may be emerging from a severe financial crisis and preparing for a rebound in growth. The Central Bank of Sri Lanka (CBSL) […]
BY Insider Desk
Sri Lanka’s key inflation rate falls to 35.3% in April
According to the statistics department, Sri Lanka’s key inflation rate fell to 35.3% in April from 50.3% in March, a hint of comfort for the country’s damaged economy. The Colombo Consumer Price Index (CCPI) showed a decrease in food inflation to 30.6% in April from 47.6% in March. In contrast, inflation for other goods reached […]
BY Insider Desk