Sri Lanka’s central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation.
The island nation defaulted on its foreign debt for the first time in April last year, as the worst financial crisis since its independence from Britain in 1948 crushed its economy.
Sri Lanka secured a $2.9 billion bailout from the International Monetary Fund (IMF) in March and aims to complete restructuring debt talks by September.
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