The Central Bank (CB) is likely to raise interest rates tomorrow by 50 bps (basis points) after a scheduled meeting today of the bank’s Monetary Board, analysts said.
The CB is expected to announce decisions of the board tomorrow followed by a media briefing. The last time rates were increased in August 2021 while holding the rates during the COVID-19 pandemic.
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Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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