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Sri Lanka Vows Independent Monetary Policy After Record Hike

Sri Lanka’s central bank raised borrowing costs by 700 basis points amid economic and political turmoil that has engulfed the nation and left President Gotabaya Rajapaksa with a minority in parliament. ....

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Sri Lanka warns it will default on its foreign debt amid crisis

The South Asian country has seen mass protests as it suffers food shortages, soaring prices and power cuts. It is due to start talks with the International Monetary Fund (IMF) next week on a loan program to get its economy back on track. ....

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Sri Lanka warns it will default on its foreign debt amid crisis

The finance ministry said it otherwise had an "unblemished record" of paying its debts since independence. ....

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