Warning Sri Lanka’s inflation could surge to 70% as it battles soaring costs
Warning Sri Lanka’s inflation could surge to 70% as it battles soaring costs
Inflation rose to almost 55% last month – with warnings it could surge to 70% (Picture: Getty)
Sri Lanka’s central bank has raised interest rates to their highest levels in more than 20 years as it battles to put a lid on spiralling prices.
Inflation rose to almost 55% last month – with warnings it could surge to 70%.
The price hikes have made life incredibly difficult for the South Asian…