Central Bank of Sri Lanka

June 27, 2017

Following last week’s policy review, Sri Lanka’s key central bank deposit and lending rates were again maintained at 7.25% and 8.75%, the levels since a pair of 50-basis point increases implemented last year in February and July. A statement of explanation called the monetary policy stance “appropriate” and predicted that total and core CPI, which had decelerated significantly in April and May to 7.1% and 4.7%, will settle by the end of 2017 into a tight mid-single digit range. Real GDP last quarter was 3.8% higher than a year earlier.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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