Sri Lanka's central bank maintained its interest rate on Wednesday amid intensifying trade tensions and recurring geopolitical conflicts. The Monetary Policy Board of the Central Bank of Sri Lanka decided to hold the overnight policy rate at 7.75 percent. The bank had reduced the rate by 25 basis points in May.The bank expects inflation to turn positive this quarter and steadily rise towards the 5...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.