26-May-2026
Economy News
 
Sri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisis
26-May-2026

Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in four years, as policymakers scrambled to stem inflation and support a currency buckling under soaring energy prices.

News Source:- https://economictimes.indiatimes.com/markets/stocks/news/sri-lanka-jolts-markets-with-outsized-100-bp-rate-hike-to-counter-gulf-crisis/articleshow/131322418.cms