Central Bank of Sri Lanka

December 9, 2013

The repo and reverse repo rates were left unchanged this month, matching the decision made at November’s meeting, and the current stance was deemed “appropriate” in a released statement from monetary officials.  The statement lists several successful developments — faster growth last quarter, slower inflation last month, more favorable balance of payments trends, and a stable rupee — but concludes that such verifies the wisdom a rate cuts totaling 125 basis points between December 2012 and May 2013 rather than justifying monetary easing now.

Copyright 2013, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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