Sri Lanka's central bank cut its benchmark interest rate Wednesday, after the government agreed to a debt restructure deal with international bond holders.
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Dark clouds loom over the sky of Sri Lanka's capital Colombo on November 26, 2024. (Photo by Ishara S. KODIKARA / AFP)
2024-11-27 10:14:56
Sri Lanka's central bank cut its benchmark interest rate Wednesday, after the government agreed to a debt restructure deal with international bond holders.
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.
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