Central Bank of Sri Lanka Leaves Key Interest Rates Unchanged
May 20, 2014
Sri Lankan central bank officials left the reverse repo and repo rates at 8.0% and 6.5%, respectively, as expected. A released statement stressed benign continuing inflation prospects. Both rates had been cut by 25 basis points in December 2012, 50 bps in May 2013, and 50 bps in October 2013. The reverse repo but not repo rate was sliced by 50 bps last January 2 as well. A moderating trend of money growth is mentioned, too.
Copyright 2014, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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