Sri Lanka’s central bank unexpectedly cut in its key interest rate by 50 bps to 9.50%, aiming to revitalize the economy as inflation showed signs of easing for the first time in five months. The decision, influenced by subdued demand and positive near-term inflation expectations, comes as the nation secured a preliminary agreement for a USD 337 mln disbursement from the IMF and continues discussions on restructuring USD 12 bln in global bond debt.