Sri Lanka, Aug. 13 -- The Central Bank of Sri Lanka (CBSL) will hold its policy interest rate steady at 8.75% for the remainder of the year, Governor Dr.Nandalal Weerasinghe told 'Reuters' during an interview. He said that the 100 basis point hike in May 2026 is working as intended to curb inflationary pressures.Pineapple export guide

He said inflation is expected to peak around current levels before easing back towards the 5% target in 2027.

The Central Bank of Sri Lanka raised interest rates by 100 basis points in May which was its first hike in over three years as a proactive measure to manage rising inflation driven by the ongoing conflict in Iran.While analysts feared the move would stall growth, the International Monetary Fund lat...