Sri Lanka Crisis Live News, 8 April 2022: Central bank doubles interest rates to tame inflation as crisis bites; business leaders demand end to political impasseimpasse
Sri Lanka's central bank has decided to hike interest rates by an unprecedented 700 basis points to tame high inflation amid the worst economic crisis that has led to protests across the country and put President Gotabaya Rajapaksa under mounting pressure to resign. The move comes as Sri Lanka's main Opposition party economic.on Friday announced that it will move a no-confidence motion against the government of President Rajapaksa and is prepared to impeach the embattled leader if he fails to address the concerns of the public facing hardships due to the economic economicoe
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https://www.ndtv.com/business/sri-lanka-hikes-interest-rates-to-tackle-inflation-amid-economic-crisis-2873553
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