Sri Lanka Holds Rates to Slow Price Gains as Growth Sputters

Sri Lanka left interest rates unchanged to damp price gains and bolster economic growth, while signaling it may ease monetary policy in coming months.

The Central Bank of Sri Lanka kept its reverse repurchase rate at 9.5 percent and the repurchase rate at 7.5 percent, it said in a statement in Colombo today. All seven economists in a Bloomberg News survey predicted no change in the repurchase rate. Six forecast no change in the reverse repurchase rate and one a cut to 9.25 percent.