Central Bank of Sri Lanka
March 18, 2015
Sri Lankan central bank interest rates consisting of an 8.0% reverse repo and a 6.5% repo rate were left unchanged for a 13th straight meeting. Previously these rates had been reduced by 50 basis points each in December 2012 and August and October of 2013. A statement released by the central bank reviewed Sri Lanka’s economic circumstances, observing continuing robust growth after GDP gains of 7.2% in 2013 and 7.4% last year, as well as sharply lower and sub-1% rates of headline and core inflation last month. The external sector was called resilient and seen likely to strengthen in the period ahead. All in all, the central bank policy stance was deemed “appropriate” and left unchanged ahead of next month’s scheduled parliamentary election.
Copyright 2015, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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