COLOMBO : Sri Lanka's central bank held interest rates steady for a third straight meeting on Wednesday, as widely expected, saying the prevailing tight monetary stance is critical to reining in inflationary pressures.
The Central Bank of Sri Lanka had increased rates by a massive 950 basis points between August 2021 to July 2022 to tame stubbornly high inflation. The Standing Lending Facility rate was held steady at 15.50 per cent while the Standing Deposit Facility Rate was kept unchanged at 14.50 per cent. Rates continue to stand at their highest levels since August, 2001.Source: Reuters
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sri Lanka's national consumer price inflation eases to 59.2% in DecCOLOMBO :Sri Lanka's National Consumer Price Index (NCPI) eased year-on-year to 59.2 per cent in December, after a 65 per cent rise in November, the statistics department said on Monday.Food prices were up 59.3 per cent in December from a year ago, while non-food inflation was 59 per cent higher, the Departme
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Sri Lanka hopeful of completing debt restructuring in six months: Central bank chiefSri Lanka is racing to secure a $3.8 billion bailout from the IMF. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
China's EXIM bank offers Sri Lanka debt extension - letterNEW DELH/COLOMBO : The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country's efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.India wrote to the IMF earlier this month,
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China's EXIM bank offers Sri Lanka debt extensionSri Lanka owed Chinese lenders US$7.4 billion, or nearly a fifth of its public external debt, by the end of last year. Read more at straitstimes.com. straits_times 😂
Source: STForeignDesk - 🏆 4. / 71 Read more »
China offers Sri Lanka debt moratorium, IMF help still in doubtNEW DELH/COLOMBO :The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country's efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.India wrote to the IMF earlier this month, sayi IMF自身難保
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Parts of 5 Malaysian states to experience continuous rain until WednesdaySeveral parts of Terengganu, Pahang, Johor, Sarawak and Sabah will be affected. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »