Sri Lanka central bank to hold rates, await clarity from new president, election

Sri Lanka’s central bank is expected to maintain interest rates amid uncertainty following the election of new president Anura Kumara Dissanayake, known for his promises to reduce taxes, combat corruption, and lower living costs. Dissanayake dissolved parliament and is working to strengthen the economy, but clarity on his plans is still awaited. Millions of Sri Lankans voted for Dissanayake in hopes of a stronger rebound from the country’s financial crisis.

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