Crisis-hit Sri Lanka hikes rates as protests spiral ...Middle East

COLOMBO: Cash-strapped Sri Lanka's central bank hiked interest rates by a record 700 basis points Friday as police fired tear gas at hundreds of students protesting over the economic crisis.Severe shortages of food and fuel, alongside lengthy electricity blackouts, have led to weeks of widespread anti-government demonstrations -- with calls for President Gotabaya Rajapaksa to resign.The latest protests saw students try to march Friday to the national parliament, and police used water cannons in efforts to disburse the angry crowds.Monks, who had largely rallied the Sinhala-Buddhist majority to elect Rajapaksa at the November 2019 polls, were also seen joining demonstrations in the capital Co

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