Sri Lanka’s central bank cut one key interest rate while holding another after inflation eased to the lowest level in about two years, ignoring advice from the International Monetary Fund to hold off on further easing.
ViaSat Inc., the California satellite-service provider, and Lions Gate Entertainment Inc., a unit of the biggest independent movie studio, join borrowers seeking to sell at least $8 billion of debt following the busiest day of dollar-denominated corporate bond sales in two weeks.
Sri Lanka unexpectedly cut interest rates to protect economic growth from the risk of a U.S. default, as time runs short for Congress to agree on raising the debt ceiling to pay back the world’s benchmark bonds.
Central Bank of Sri Lanka Deputy Governor Dharma Dheerasinghe comments on the impact on the South Asian island’s economy from the March 11 earthquake and tsunami in Japan. Dheerasinghe spoke in a telephone interview from the Sri Lankan capital, Colombo.
Sri Lanka’s central bank governor hailed the island nation’s ability to contain inflation and keep the currency stable as he sought to convince investors its economy is avoiding the pitfalls affecting neighboring India.