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Sri Lanka c.bank maintains rates

The Central Bank of Sri Lanka maintained its benchmark interest rate stable Tuesday for the sixth consecutive month, stating that the growth of monetary and credit aggregates will slow down in 2017. The Central Bank of Sri Lanka has left the type of deposits (SDRF) rate loan facility (SLFR) at 7.00 percent and 8.50 percent respectively. Monetary policy (Bit.ly/2jWnzgb) has been tightened three times since December 2015. A Reuters poll last week showed economists were divided in their opinions. Seven of the 13 economists surveyed expect the central bank will maintain its SDFR and SLFR unchanged. However, three economists expected an increase of 50 basis points in the two key rates, while the remainder increased by 25 basis points.

 
 

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