COLOMBO : Sri Lanka's central bank has raised interest rates in an unexpected move on Friday, to help finalise an International Monetary Fund's Extended Fund Facility arrangement, it said in a statement.The bank raised its standing deposit facility rate and standing lending facility rate by 100 basis poin
COLOMBO : Sri Lanka's central bank has raised interest rates in an unexpected move on Friday, to help finalise an International Monetary Fund's Extended Fund Facility arrangement, it said in a statement.
"There have been some differences between the CBSL and IMF staff on the inflation outlook," the Central Bank of Sri Lanka said in its statement.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sri Lanka raises policy rates by 100 bps as seeks to finalise IMF bailoutCOLOMBO : Sri Lanka's central bank raised interest rates in an unexpected move on Friday, to help finalise an International Monetary Fund's Extended Fund Facility (EFF) arrangement, it said in a statement.The bank raised its standing deposit facility rate and standing lending facility rate by 100 basis po
Read more »
Sri Lanka's tax hikes will help it regain creditor confidence -IMFCOLOMBO : Sri Lanka's recent tax rises are in line with international comparisons and needed to help creditors regain confidence, the International Monetary Fund said on Thursday, backing the crisis-hit country's effort to lock down a $2.9 billion bailout. An IMF statement said the hikes, which included a
Read more »
Cash-strapped countries face IMF bailout delays as debt talks drag on: AnalysisLONDON: Countries in debt distress such as Zambia and Sri Lanka turning to the International Monetary Fund (IMF) for financial help are facing unprecedented delays to secure bailouts as China and Western economies clash over how to provide debt relief. IMF funding is often the sole financial lifeline avail
Read more »
Pakistani rupee hits record low, bonds fall as IMF funding talks drag onISLAMABAD : Pakistan's rupee fell around 6 per cent against the U.S. dollar and its dollar-bonds slumped on Thursday as the country struggles to unlock critical funding from the International Monetary Fund.The rupee hit a record low of 284 per dollar, Eikon data showed, before it retraced some losses to t
Read more »
Pakistani rupee touches record low, bonds fall as IMF talks dragISLAMABAD :Pakistan's rupee touched a record low and its dollar bonds slumped on Thursday as the country struggles to unlock critical IMF funding, while a bigger-than-expected interest rate hike failed to revive its markets. The rupee hit a record low of 284 per U.S. dollar in local trading, Eikon data showed
Read more »