Sri Lanka Cuts Interest Rate to 8% After Debt Restructure Deal
November 27, 2024
The Central Bank of Sri Lanka said it was moving to a single policy rate set at 8.0 percent, an “effective reduction” of around 50 basis points. The move came a day after the government vowed to honor a deal secured by its predecessor to restructure $12.55 billion in international sovereign bonds, a key condition […]
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