Sri Lanka economy in recovery mode: Sri Lanka cuts interest rates, inflation eases
Edited By WION Video Desk
Published: May 31, 2023, 19:35 IST | Updated: May 31, 2023, 19:35 IST
Cash-trapped Sri Lanka has cut lending rates for the first time in nearly three years, the island nation which faced economic downturn last year, has cut its lending rates after massive fall in inflation in May. The central bank of Sri Lanka has reduced its lending rates by 2.5% points.
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