Bloomberg Business

Sri Lanka Keeps Key Rate at 15.5% as Country Awaits IMF Loan

Sri Lanka kept its benchmark interest rate unchanged for a fourth straight meeting as Asia’s fastest inflation showed signs of cooling while the bankrupt economy seeks to turn the corner pending a crucial bailout.

Australia’s Accelerating Inflation Boosts RBA Rate-Hike Bets

Australian inflation accelerated to the fastest pace in 32 years in the final three months of 2022, exceeding forecasts and prompting money markets to price in an interest-rate hike at next month’s central bank meeting.

McCarthy Says Santos Can Be Removed, But Only For Crimes

House Speaker Kevin McCarthy said George Santos, the embattled freshman representative from New York, could be removed from office if the chamber’s Ethics Committee determined that he had broken the law — but not until then.

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