Sri Lanka: Sri Lanka cuts interest rates to boost growth while waiting for IMF review

Sri Lanka: Sri Lanka cuts interest rates to boost growth while waiting for IMF review

COLOMBO: Sri Lanka’s central bank lowered interest rates on Friday in an unexpected move to boost growth, while projecting inflation would remain subdued over the medium term. Helped by its bailout by the International Monetary Fund, the South Asian island nation is recovering from its worst financial crisis in seven decades and awaiting the finalisation … Read more