Sri Lanka's Central Bank (CB) is expected to announce an increase in interest rates later tonight (Wednesday) stemming from the recent hike in US interest rates.
The CB said in a statement that Governor Arjuna Mahendran would also discuss a ‘quarterly review of the economy” at a media conference at 10 am on Thursday at the bank headquarters in Fort.
The bank’s Monetary Board was meeting today to review trends in December and was thereafter expected to announce its policy for January 2016. Pressure has been mounting on the bank to hike rates and reduce import consumption. – ENDS-
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
Update: Five of the twelve passengers on board the bell 212 aircraft that crashed into the Maduru Oya today, have succumbed to their injuries, the SLAF said.
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