Crisis-hit Sri Lanka doubles interest rates to tame inflation

Updated: Apr 09, 2022, 10:09 AM(IST) WION Video Team

Sri Lanka has doubled the interest rates to tame inflation. There's an unprecedented 700 basis point hike by the Central bank. The rate for deposits has increased to 13.5%. To get more perspective, watch this report by Dasuni Athauda.

Read in App