Economics
Sri Lanka Holds Rates to Spur Economic Growth, Cool Inflation
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Sri Lanka left interest rates unchanged for a fourth month to support economic growth and contain inflation.
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. Six of eight economists in a Bloomberg News survey predicted no change. Two forecast a 0.25 percentage-point reduction in both benchmarks.