.jpg&c=1&h=180&q=80&v=20260528&w=320 "Bank Indonesia hikes rates 0.5% as government tightens export controls")
Sri Lanka's central bank hikes rates 100 bps as oil prices fuel inflation pressure
The Central Bank of Sri Lanka said the decision to raise its interest rate to 8.75% is aimed at curbing inflation risks, as the Iran war keeps global oil prices elevated; the bank is also trying to increase US dollar liquidity to curb currency depreciation.
The Central Bank of Sri Lanka (CBSL) has raised its overnight policy rate by 100 basis points to 8.75%, marking its first monetary tightening in three years, following a monetary policy board meeting on May 25.
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