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Sri Lanka jolts markets with outsized 100-bp rate hike to counter crisis in West Asia

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Sri Lanka jolts markets with outsized 100-bp rate hike to counter crisis in West Asia
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The Central Bank of Sri Lanka (CBSL) raised the overnight policy rate to 8.75% ‌from 7.75%, blaming higher inflation and a depreciating rupee due to the U.S.-Israeli war ‌with Iran

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