Central Bank of Sri Lanka

September 26, 2017

Once again, Sri Lanka’s Monetary Policy Committee elected not to change its key deposit and lending rates of 7.25% and 8.75%. They have been at those tight levels since a 50-basis point increase in July 2016. An earlier move of same magnitude had been implemented in February. Headline and core CPI inflation picked up somewhat in August due to pressures on food and tax changes, but officials expect a deceleration over the balance of this year and a steady trend in the mid-single digits thereafter.

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

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