COLOMBO, May 26 : Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in four years, as policymakers scrambled to stem inflation and support a currency buckling under soaring energy prices. Economic growth in the South Asian nation,

COLOMBO, May 26 : Sri Lanka's central bank stunned markets by raising its benchmark policy rate by an outsized 100 basis points on Tuesday, as policymakers scrambled to stem inflation and support a currency buckling under soaring energy prices. The Central Bank of Sri Lanka CBSL) raised the overnight policy

COLOMBO, May 26 : Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in four years, as policymakers scrambled to stem inflation and support a currency buckling under soaring energy prices. Economic growth in the South Asian nation,

COLOMBO, May 26 : Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in three years, and signalled more tightening as surging energy costs whip up inflation and batter its currency. Economic growth in the South Asian nation, only j

Sri Lanka's central bank surprises markets with a 100-basis-point rate hike to combat inflation and currency pressures amid geopolitical tensions.