
Latest News
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Enhancing Trade with India: A Strategic Priority for Sri Lanka’s Risk Mitigation

FINANCIAL CHRONICLE – A former research expert from the Asian Development Bank has emphasized the importance of Sri Lanka increasing its trade with India to mitigate risks associated with the ongoing geopolitical challenges. Sri Lanka and India have a longstanding history of attempts to upgrade their 1998 Free Trade Agreement (FTA) into a more comprehensive
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Sri Lanka Central Bank Ready to Intervene Amid Rising Interest Rates: Governor

Sri Lanka’s central bank had the option to intervene to lower rising short-term interest rates, but these rates decreased on their own before any intervention was necessary, according to Central Bank Governor Nandalal Weerasinghe. Last year, Sri Lanka’s interbank rates rose above the 7.75 percent overnight policy rate (OPR) as private credit increased up until

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