Sri Lanka Rates Appropriate for Coming Months, Cabraal Says
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Sri Lanka’s interest rates are at an appropriate level and the central bank probably will keep borrowing costs steady for the next three to six months if current conditions persist, Governor Ajith Nivard Cabraal said.
“There may be some other adjustments that we may need to make in the economy as we move on, but from the rates point of view, it seems appropriate in the current circumstances,” Cabraal said in an interview in Singapore today. “As it is now, there doesn’t seem to be a need for any change, but if we do see any changes, we will be quick to react.”