COLOMBO, May 26 : Sri Lanka's central bank stunned markets by raising its benchmark policy rate by an outsized 100 basis points on Tuesday, as policymakers scrambled to stem inflation and support a currency buckling under soaring energy prices. The Central Bank of Sri Lanka CBSL) raised the overnight policy

COLOMBO, May 26 : Sri Lanka's central bank stunned markets by raising its benchmark policy rate by an outsized 100 basis points on Tuesday, as policymakers scrambled to stem…

Sri Lanka's central bank surprises markets with a 100-basis-point rate hike to combat inflation and currency pressures amid geopolitical tensions.