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

Under the IMF’s stringent conditions, ordinary Sri Lankans face exorbitant increases in the cost of living. In sharp contrast ...

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 ...