Borrowing costs hovering at two-decade highs to quell Asia’s fastest inflation rates will be in focus Friday in Sri Lanka after Pakistan raised the policy rate to the highest in 25 years, with both economies looking to win bailouts from the International Monetary Fund.
The Central Bank of Sri Lanka will probably keep the standing lending facility rate at 15.5% for a fifth straight meeting, according to all eight economists in a Bloomberg survey ahead of the decision around 4:30 p.m. in Colombo. The benchmark rate is at the highest since 2001, according to official data.
