Sri Lanka cuts interest rates as IMF delays loan
- 05-Oct-2023
COLOMBO: Sri Lanka cut interest rates by 100 basis points Thursday as the second instalment of an IMF bailout was held up after the government missed several loan conditions. The Central Bank of Sri Lanka (CBSL) said it reduced the benchmark lending rate to 11 percent as year-on-year inflation fell sharply last month to 1.3 […]