Sri Lanka eases monetary policy, sets new single benchmark rate
Sri Lanka eases monetary policy, sets new single benchmark rate

Sri Lankas central bank set a new single policy rate of 8 per cent on Wednesday, easing monetary settings below previously used benchmarks, in an effort to shore up the island nations fragile recovery from a deep financial crisis. The Central Bank of Sri Lanka (CBSL) said late on Tuesday that it...

Global public debt to exceed $100 tn by end of 2024: IMF
Global public debt to exceed $100 tn by end of 2024: IMF

The International Monetary Fund (IMF) said the global public debt is expected to exceed a record $100 trillion this year, reports BSS. In its latest report on fiscal policy, on Tuesday, the IMF said it expects global public debt to hit 93 percent of global gross domestic product (GDP) this year,...