Published: Jun 16, 2022
The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation and projected a slowing economy and rising unemployment in the months to come.
Published: Jun 14, 2022
If inflation rises above 50 per cent, it will have to face a hyperinflationary situation. Sri Lanka is currently facing preliminary stages of hyperinflation, similarly to those obtained in Zimbabwe and Indonesia, Professor of Economics, University of Colombo, Sirimal Abeyratne said.
Published: Jun 02, 2022
Senior executives are calling for government measures to help business operators and the public affected by rising inflation caused by expensive oil and commodities due to the ongoing Russia-Ukraine war, a survey conducted by the Federation of Thai Industries (FTI) has found.