Sri Lanka Central Bank Governor Weerasinghe on Rate Hike, IMF Talks

Sri Lanka Central Bank Governor Weerasinghe on Rate Hike, IMF Talks

7 Jul    Finance News

Central Bank of Sri Lanka Governor Nandalal Weerasinghe discusses monetary and fiscal policies, the outlook for the economy, and the talks with the International Monetary Fund for a bailout. The central bank earlier raised borrowing costs in a bid to rein in record prices that have stoked Asia’s fastest inflation. Prime Minister Ranil Wickremesinghe said ton Tuesday that talks with the IMF are complicated because the nation is bankrupt. Governor Weerasinghe speaks on “Bloomberg Markets: Asia.”

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