Central Bank of Sri Lanka
April 22, 2014
The last central bank rate change was a 50-basis point cut of the reverse repo rate to 8.0%, which cut its premium over the repo rate to 150 basis points from 200 bps. The April Policy Review left key rates unchanged as expected, observed total and core CPI inflation rates of 4.2% and 3.4%. As for real growth,"the Sri Lankan economy is poised for stronger performance with the recovery observed in the external sector, sustained momentum in construction and manufacturing sectors and with monetary aggregates performing as expected, and inflation remaining low and stable."
Copyright 2014, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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