REBOUNDING Street hawkers open up their business for the day at a market place in Colombo, Sri Lanka on Nov. 14, 2022. The Central Bank of Sri Lanka reduced its interest rates on Thursday, June 1, 2023, for the first time since the island nation declared bankruptcy last year. AP PHOTO REBOUNDING Street hawkers open up their business for the day at a market place in Colombo, Sri Lanka on Nov. 14, 2022. The Central Bank of Sri Lanka reduced its interest rates on Thursday, June 1, 2023, for the first time since the island nation declared bankruptcy last year. Sri Lanka declared bankruptcy in April 2022 and said it is suspending repayment of its foreign debt.

Source: Manila Times June 02, 2023 04:09 UTC