Central Bank,SL holds rates amid U.S. Tariff talks
The Central Bank of Sri Lanka has kept its main interest rate steady at 7.75%, saying the current policy is right for the country’s recovering economy. However, the bank also said it might lower rates again later this year if inflation stays low. Central Bank Governor Dr. Nandalal Weerasinghe said inflation is expected to rise slightly in the coming months …
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Special briefing on U.S. Tariff Policy impact
A special meeting titled “Impact of U.S. Tariff Policy on Sri Lanka” takes place this morning (July 10) at 11 a.m. at the Presidential Secretariat, bringing together top officials to discuss the potential implications of recent changes in U.S. tariff policy on the Sri Lankan economy. Key officials expected to participate in the discussion include Dr. Harshana Sooriyapperuma, Secretary of …
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IMF says Sri Lanka’s GDP could fall by 1.5% from US tariffs
Sri Lanka’s GDP could decline by up to 1.5 percent if the United States reinstates a 44 percent tariff on Sri Lankan exports and lowers tariffs on competitor trading partners, according to an IMF country report.
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