Sri Lanka Holds Rates as Mahendran Eyes Next Fiscal Budget

Sri Lanka’s central bank kept interest rates unchanged for a sixth straight month and Governor Arjuna Mahendran said the government will focus on boosting revenue in its budget due November.

The Central Bank of Sri Lanka left its standing lending facility rate at 7.5 percent and standing deposit facility rate at 6 percent, Mahendran said in an interview with Bloomberg Television on Tuesday. All four economists in a Bloomberg survey had predicted no change.