Sri Lanka’s fuel consumption has come down by 50 per cent due to the economic situation in the country, high prices of petrol and diesel and the reduction in consumers’ buying power, President of the ...
Crude oil prices increased ... keeping output cuts in place. Overall, both Brent and WTI prices increased by more than US dollars 3.00 per barrel during the review period. The situation, therefore, ...
The latest move brings the total interest rate cuts to 700 basis points since last year as Sri Lanka began a painful ... at ...
The rupee is currently under pressure, despite broadly prudent monetary policy, due to an ‘oversold position’ in the market ...
RECASTS with details of Beijing visit, ADDS China to slug Sri Lanka's central bank cut interest ... cut generous energy subsidies and raised prices of essentials to shore up state revenues.
The latest easing brings the total interest rate cuts to 700 basis points since last year as Sri Lanka began a painful ...
Rajapaksa was forced out of office in July 2022 following months of protests over an unprecedented economic crisis that caused shortages of food, fuel and medicines. Thousands of Sri Lanka's ...
The central bank cut its key lending rate from 10% to 9.5% and the deposit rate from 9.0% to 8.5%, the first decrease in four months. (Reuters pic) COLOMBO: Sri Lanka’s central bank cut interest ...