Nov 30 (BN) Sri Lanka’s inflation accelerated to a 21-month high in November, reducing the central bank’s scope to cut interest rates again. Consumer prices in the capital, Colombo, rose 7 percent from a year earlier after gaining 6.6 percent in October, the statistics agency said on its website today. That compares with the 6.8 percent median estimate in a Bloomberg News survey of five economists.
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Nov 30 (LG) President Obama and Secretary of State Hillary Clinton have made it a priority to reinvigorate America’s relationships around the world. They have been working hard to strengthen our existing partnerships and build new ones to meet shared challenges, from climate change to ending the threat of nuclear weapons to fighting disease and poverty. As the United States Ambassador to Sri Lanka, I’m proud to be part of this effort.