The Central Bank of Sri Lanka (CBSL) yesterday hiked its benchmark interest rate for short-term borrowing by 100 basis points to 8.75 per cent.
It raised interest rates for the first time in over three years.
The Middle East conflict is affecting domestic prices and stability, it said.
The Sri Lankan rupee has depreciated by over 7 per cent against the US dollar since the year began beginning of 2026.
It raised interest rates for the first time in over three years.
The Middle East conflict is affecting domestic prices and stability, it said.
The Sri Lankan rupee has depreciated by over 7 per cent against the US dollar since the year began beginning of 2026.
