Crisis-hit Sri Lanka doubles interest rates to tame inflation | International News | WION

Sri Lanka has doubled the interest rates to tame inflation. There’s an unprecedented 700 basis point hike by the Central bank. The rate for deposits has increased to 13.5%. To get more perspective, watch this report by Dasuni Athauda.

#SriLanka #Crisis #Inflation

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Comment (32)

  1. I think this inflation has taught people the importance of multiple streams of income, unfortunately having a job doesn't mean security rather having different investments is the real deal.

  2. India must give Sri Lanka and Nepal around 50 billion each as a gift or else they will think we are poor and laugh at us.

  3. China's reserves = 3.4 trillion

    India's entire economy = 3 trillion.

    China has more chump change in their back pocket then .India's whole bank account

  4. Wion (this news network) reported that lndia lost 45 Trillion. They also reported that since 2001, China gained 120 Trillion

    Wion: At $514 trillion, China overtakes US in terms of amassing the biggest net worth

    Gravitas: How Britain Looted $45 Trillion From India

  5. lndians economy is so very smaII even less than china's reserves.

    if lndia's economy somehow ever surpass china's reserve they still need to grow another 6 more times to have the same china "2022" economy. and im not even talking about wealth yet, lndia needs to grow 20+ times to be the same as china right now. india could thank the british for that 200 years and 45 trillion dollar setback.

  6. Raising rates won't be felt for 30 to 60 days.
    And if it's to much. No foreign investment will come.
    Looks like current government is setting a future government up for failure.

  7. 🙏Imvesting your money in Silber, Gold, Farmland, House, Education in your childten and your self als in your small private Buisness too.👌🍀🙏

  8. Very good decision by Mr.Gotabaya. We should be Independent from our third world neighbors. It's better to be on the good books of America than some of our neigbhors who will face CAATSA sanctions very soon

  9. Sri Lanka needs to borrow at least US$20 billion, revamp the entire government administration and appoint private commercial experts to manage the country. Responsibility and accountability are the norm for modern-day good governance. A good example is the SINGAPORE.

  10. chinas money is phony its all a lie just like they lie about every thing and they owe Canada 11 trillion dollars in us gold for the pigfarmers covid 19 freeland in canada said so.

  11. what does china belt and road products all take there material and there people to make the stuff because if they where asked to show the money they dont have any and there people that making this stuff are slaves. u are all falling for a scam u dont owe china any thing. china is trying to take the world over with there phony money they know a army is not the way to do it .they buying the world with phony money and they dont have any real money.

  12. How can you increase the interest rate suddenly instead of gradual process when the Rajapaksha brothers corruptions happened on a regular basis for a number of years. They were well aware and thoughtful with corruption amounts from each projects with china and ignored the importance of daily living of the citizens.

  13. Printing billions every month and raising interest rates….will tame inflation of intestines due to lack of food.

  14. this would set a better rate for the ppl working foreign as they not borrow money , a poland decision to cut iva could have come better , they were not acttualy forced.

  15. This is the judgement and punishment by god due to war crime with LTTE. Srilankan military killed thousands of kids children and innocent tamils. Now, Srilanka is deserve for this.

  16. CBSL doubes interest rates but is doesnt compansate the depreciation and the inflation.

  17. .නැඟිටින්න!, නැගී සිටින්න! .. නැගිටින්න!..නැගිටින්න!.
    ඔබලාගේ අයිතිවාසිකම් වෙනුවෙන් නිර්භීතව නැගී සිටින්න,!⚡💪
    ජයග්‍රහණය කරන තුරු විමුක්ති අරගල සටන අත් නොහරින්න!💪👍⚡😎🇱🇰🇱🇰🇱🇰👍💪⚡💪👍🇱🇰
    (විදේශ මැදිහත්වීම් වලින් ශ්‍රී ලංකාවට නිදහස සඳහා. ….!) ගීතයේ පද රචනය දිවංගත බොබ් මාලේ.

    Get up!, Stand up! 💪.
    Get up!..stand up!.👍💪
    Stand up for your Rights!💪👍❤️
    Don't give up the fight !👍💪🇱🇰⚡
    (for freedom for Sri Lanka from foreign interference. ….!) song lyrics
    by late Bob Marley.

    AMERICAN GOVERNMENT HAS BEEN KEEPING UP THEIR "SILENCE" AS BEING A "HYPOCRITICALLY CYNICAL" PACK OF DEAF AND DUMB SMELLY ARSEHOLES.
    AMERICAN ECONOMY HAVE BEEN PRETTY "DISGRACEFULLY" RUN BY GOTA"S "PLUNDERED" SRI LANKAN "NATION'S WEALTH" .👎⁉️⚡☠️🦴🇺🇲🦴🇺🇲☠️🦴

  18. I don't thing it will Help That much. (Inflation rate 30% Interest rate 14% ). wait and see. What about Food shortages ?????

  19. INDIA. PLEASE SEND SOME MORE "BEGGERS" 🦴 TO SRI LANKA SO THAT INDIANS COULD "SLEEP WELL" WITHOUT MUCH STINK!👎☠️🇺🇲🦴.
    Don't insult poor people who are starving in millions in the streets of India.⚡🇱🇰💪⚡🔥🦴🇺🇲☠️😎🙏

  20. Dear Sri Lankan people,

    Call for a referendum to Join India or China permanently. Please do not bother with your political parties. They are all corrupt. The main issue is small countries like Sri Lanka cannot survive among the global capitalism and market economy. Your economy will always be under threat whatever you do. This is why certain countries are always on top of the league in economy and politics. I would strongly suggest you to call for a national referendum to join with China or India indefinitely. Sovereignty, Democracy, and Freedom are for text books and media only. These do not exist in real world. We are all slaves to the capitalism and market economy anyway. Therefore, you will need to join with a big stable country like China or India who are much more stable than Sri Lanka. If you join with China or India permanently, eventually your people will have better living standard than struggling with your corrupted politicians. You will have more chance to join with China than India because majority of voters are Buddhist. Please take my words. It can be done. Have a go. Good luck!

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