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Central Bank of Sri Lanka keeps overnight policy rate unchanged
The Central Bank of Sri Lanka’s monetary policy board kept its key policy rate unchanged for a second meeting in a row yesterday to buttress economic recovery from its worst financial crisis in decades. The overnight policy rate, introduced in November, was held steady at 8 per cent. The country saw 5-per cent GDP growth last year and the bank expects growth to be above 3 per cent this year.
The Central Bank of Sri Lanka’s monetary policy board kept its key policy rate unchanged for a second meeting in a row yesterday to buttress economic recovery from its worst financial crisis in decades.
The overnight policy rate, introduced in November, was held steady at 8 per cent.
The country saw 5-per cent GDP growth last year and the bank expects growth to be above 3 per cent this year.
