Sri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisis
Published on: May 26, 2026, 11:04 a.m. | Source: The Economic Times
Sri Lanka's central bank enacted a significant 100 basis point policy rate hike, its largest in four years, to combat rising inflation and a weakening rupee. This move comes as the nation grapples with soaring energy prices driven by the Middle East conflict, impacting economic growth and foreign reserves.
