Petrol prices were reduced by 4.5 percent to 150 Sri Lankan rupees ($1.14) a litre, diesel by 5.9 percent to 111 rupees a litre and kerosene by 5.8 percent to 81 rupees a litre.

Sri Lanka cut power tariffs by 22.5% and reduced fuel and cooking gas prices this month to reduce living costs, which analysts said would also dovetail with CBSL's growth push.

Sri Lanka's inflation target of 5 percent, which has been set by the central bank based on it own past performance could be ...

Sri Lanka has suspended repayment of about $7 billion in foreign loans due this year out of $25 billion to be repaid by 2026. The country’s total foreign debt is $51 billion.

Sri Lanka's recovery efforts were supported by a $4 billion credit line from India. Read more news like this on HindustanTimes.com The blackout began around 11.00 local time on Sunday.

A severe shortfall of dollars spun Sri Lanka's economy into a deep financial crisis two years ago, contracting growth by 7.3% in 2022 and forcing a default on foreign debt.

The Central Bank of Sri Lanka reduced the standing lending facility rate by 25 basis points to 9.25%. Only four of the 17 economists surveyed by Bloomberg had predicted the decision, with four ...