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Sri Lanka Holds Rates After Bank Cash Ratio Cut for Growth

(Bloomberg) Sri Lanka stood pat on borrowing costs for the first time in three meetings, after slashing the cash ratio for banks to bolster domestic liquidity and growth. Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Markets WrapGoldman Is Cracking Down on Employees That Aren't in Office ....

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Indian Rupee not legal tender for domestic payments: Sri Lanka Central Bank

Sri Lanka's Central Bank said on Wednesday that no domestic transactions would be allowed with the Indian Rupee in the island country, as it warned people not to be misled by inaccurate information surrounding the issue. ....

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Sri Lanka records single-digit inflation for the first time since economic crisis: Official data

The island nation faced its worst economic crisis in history due to a shortage of foreign exchange reserves. An imperative in the IMF bailout is to restructure external debt, which needs to be completed by September. ....

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Sri Lanka cuts rates by 250 bps, signals rebound from crisis - Markets

COLOMBO: Sri Lanka’s central bank cut its key interest rates by 250 basis points on Thursday as inflation eased,. ....

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SL to sign deal with India to shift to renewable energy for power generation

SL sign a MoU with India to promote renewable energy, the nation aims to generate 70% of its electricity requirements from renewable sources. ....

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