Sri Lanka's inflation rate decreased to 0.9% in March, supporting the central bank's decision to ease monetary policy.

Sri Lanka's inflation rate cooled to 0.9% in March, a two-month decline that supports the central bank's decision to resume easing monetary policy and boost economic recovery. The consumer price index in Colombo rose 0.9% year-on-year, down from 5.9% in February. The central bank lowered the standing lending facility rate by 50 basis points, citing subdued demand, favorable inflation dynamics, and lack of external pressure.

March 28, 2024
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