Business & Finance
Sri Lanka central bank keeps policy rates unchanged
COLOMBO : Sri Lanka's central bank kept policy rates unchanged on Friday, saying it expects inflation to moderate in com
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"The Monetary Board decided to maintain the policy interest rates of the central bank at their current levels," the central bank said in a monthly policy report.
The repurchase rate was left at 7.00 percent and the reverse repurchase rate at 8.50 percent, in line with a Reuters poll. The bank also left the Statutory Reserve Ratio (SRR) for commercial banks unchanged at 8 percent as expected.
Copyright Reuters, 2011