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Sri Lanka inflation to plunge by 2023 end

Sri Lanka inflation to plunge by 2023 end

Colombo, Nov 28 (UNI) Sri Lanka's Central Bank Governor Nandalal Weerasinghe said on Monday that the headline inflation in the battered economy would plunge significantly to 4 or 5 percent by the end of 2023.
Addressing an investors’ forum here, the lead federal banker said that easing inflation in the cash-starved economy would allow the central bank to ease a key currency band as the government needs a "flexible exchange rate".
A statement by the central bank explained that a “tight monetary policy stance” was needed to contain demand-driven inflationary pressure and strengthen disinflation expectations.

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MMA fighter calls on UK PM to 'stop genocide' in Gaza

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Icelandic gov’t orders evacuation of Grindavik due to volcanic eruption

03 Mar 2024 | 10:27 AM

Reykjavik, Mar 3 (UNI) The Icelandic authorities are evacuating residents of the town of Grindavik due to the threat of a volcanic eruption on the Reykjanes peninsula in the south of the country, Icelandic media reported.

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Pakistan's Parliament to elect new PM on March 3

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03 Mar 2024 | 9:13 AM

Islamabad, Mar 3 (UNI) Members of the Pakistani National Assembly, the parliament's lower house, are expected to elect a new prime minister of the country on Sunday.

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Kenyan police kill 5 al-Shabab terrorists in border region

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03 Mar 2024 | 8:52 AM

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At least 8 killed in drone attack on Ukraine's Odesa

At least 8 killed in drone attack on Ukraine's Odesa

03 Mar 2024 | 8:45 AM

Kiev, Mar 3 (UNI) At least eight people were killed and eight others injured when a drone hit an apartment building in Ukraine's southern port city of Odesa on Saturday morning, the State Service for Emergencies said on Telegram.

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