More hikes in Sri Lanka unlikely to prevent default

With inflation surging, the currency coming under downward pressure and the country on the verge of a sovereign default, today’s 100bp rate hike in Sri Lanka won’t be the last in the current cycle. Drop-In (8 March, 08:00 GMT/16:00 SGT): The Korean presidential election offers voters starkly different choices for the country’s economic future. We’re discussing the outlook, plus the policy and market response, in this 20-minute briefing on Tuesday. Register here.