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...

Trump’s victory unlikely to alter US Fed rate cut plans
Trump’s victory unlikely to alter US Fed rate cut plans

The US Federal Reserve is widely expected to cut interest rates by a quarter point on Thursday, focusing on easing borrowing costs amid cooling inflation, regardless of the election results. The US central bank sits just a short walk from the White House, where Democratic President Joe Biden...