Rise in Global Inflation Widespread and Persistent: Fitch Ratings

The pick-up in global inflation has been widespread and persistent and has shown few signs of having peaked, according to Fitch Ratings’ latest ‘20/20 Vision’ chart pack. CPI inflation has increased in virtually every Fitch 20 country in the past three months and is now elevated relative to pre-pandemic rates and inflation targets in many […]

Fitch Ratings Now Forecasts Two Fed Rate Hikes This Year, Four in 2023

Fitch Ratings expects the Fed to raise rates twice in 2022 and four times in 2023, taking the Fed funds rate (upper bound) to 1.75% by end-2023 from 0.25% currently. Fitch’s updated US interest rate forecasts reflect the major pivot by the Fed at its policy meeting on 14-15 December 2021, prompted by evidence that […]

‘s vaccine certificates now recognised on entry to the UK

From Monday 1 November, eligible travellers from Sri Lanka with appropriate proof of vaccination will qualify under the fully vaccinated rules for travel to the UK. To be treated as fully vaccinated, travellers must be able to prove that they have been fully vaccinated at least 14 days before arrival, with a vaccine recognised by […]

Sri Lanka receives over 1.5 million doses of COVID-19 vaccines from COVAX

A chartered plane arrived in Sri Lanka with more than 1.5 million doses of the Moderna COVID-19 vaccine from the COVAX Facility. Donated by the United States, the 1,500,100 doses of the vaccine come to Sri Lanka under the dose-sharing mechanism of COVAX facility promote equitable access to COVID-19 vaccines across the globe. “The Government […]

Sri Lanka and Australia to strengthen practical cooperation

Foreign Minister Dinesh Gunawardena during a meeting with the Australian High Commissioner David Holly on 13 July 2021 discussed avenues for consolidating relations between the two countries in multiple spheres to achieve tangible outcomes. Following up from the successful telephone conversation held with the Australian Foreign Minister Marise Payne in June this year, the two […]

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