Sri Lanka Signals Looser Monetary Policy After Holding Rates
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Sri Lanka signaled it may ease monetary policy in future if inflation moderates after leaving interest rates unchanged for a sixth month to damp price gains.
The Central Bank of Sri Lanka kept its reverse repurchase rate at 9.75 percent and the repurchase rate at 7.75 percent, it said in a statement in Colombo today. The decision was predicted by eight economists in a Bloomberg News survey, with one calling for a reduction of 25 basis points in both benchmarks.