Sri Lanka's Central Bank Holds Firm Amid Economic Recovery

Sri Lanka's central bank decided to keep its key policy rate at 8% for a second consecutive meeting. This move aims to assist the island nation in recovering from its severe financial crisis.

In a bid to support economic recovery, Sri Lanka's central bank maintained its key policy rate for the second straight meeting.

Officials held the overnight rate steady at 8%, a decision reflecting efforts to bolster the island nation's financial stability amid ongoing challenges.

This strategic move is part of a broader plan to promote recovery from one of the deepest financial crises in its history.

(With inputs from agencies.)