Economics
Sri Lanka Keeps Interest Rates on Hold to Boost Economic Growth
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Sri Lanka’s central bank left interest rates unchanged for a ninth straight month to support growth as the global economy falters.
The Central Bank of Sri Lanka retained its reverse repurchase rate at 8.5 percent and the repurchase rate at 7 percent, the Colombo-based bank said on its website yesterday. Six of seven economists in a Bloomberg News survey predicted the decision. One expected a reduction of half a percentage point.