Sri Lanka’s Growth Accelerates, Scope for Rate Cut Lessens
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Sri Lanka’s growth accelerated, exceeding 8 percent for a second straight quarter and reducing the scope for the central bank to cut interest rates.
Gross domestic product rose 8.4 percent in the three months ended Sept. 30 from a year earlier, the statistics department said on its website today. That compares with an 8.2 percent expansion in the previous quarter and the 8.1 percent median of five estimates in a Bloomberg News survey.