Sri Lankan Monetary Policy Unchanged

June 14, 2011

Sri Lanka’s Monetary Board left its 7.0% repurchase rate and 8.5% reverse repo rate unchanged at a fifth consecutive monthly meeting.  Rates have not begun to rise.  In January, such were reduced by 25 basis points and 50 bps, and cuts during 2010 amounted to 25 bps and 75 bps.  CPI inflation of 8.8% in May was down from 9.8% in April and 20.2% in October 2008.  The next scheduled policy statement will be made on July 8th.

Copyright Larry Greenberg 2011.  All rights reserved.

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