Sri Lanka cuts key interest rates

By Agence France-Presse

Mar 27, 2024 12:22 am

COLOMBO: Sri Lanka's central bank cut interest rates on Tuesday as the country emerged from its worst economic crisis that forced the ouster of a president.

The Central Bank of Sri Lanka reduced its benchmark lending rate from 10 percent to 9.5 percent and the deposit rate from 9.0 to 8.5 percent, the first reduction in four months.

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