CB chief issues ultimatum to banks to cut lending rates
The Central Bank last week issued an ultimatum to banks to reduce lending rates, which have only fallen disproportionately, compared to the plunge in deposit rates in response to the easing in the monetary....
Indian External Affairs Minister S. Jaishankar said today that India has extended financing assurances to the IMF to clear the way for Sri Lanka to move forward because India felt strongly that Sri Lanka’s creditors must take proactive steps to facilitate its recovery.
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