Sri Lanka jolts markets with outsized 100-bp rate hike to counter crisis in West Asia
Representative image. Photo: Getty Images/iStockphoto Sri Lanka’s central bank caught markets off-guard by raising its benchmark policy rate by an outsized 100 basis points on Tuesday (May 26, 2026), as policymakers looked to stem inflation and sharp pressure on the currency from soaring energy prices. The Central Bank of Sri Lanka (CBSL) raised the overnight…
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