Sri Lanka Holds Key Rates as Rupee Falls, Growth Set to Pick Up

  • All five analysts in Bloomberg survey predicted decision
  • Rupee has fallen to a record low, weakened about 9% this year

Sri Lanka’s central bank kept interest rates unchanged for a seventh straight month to support growth and help counter the rupee’s fall to a record low.
The Central Bank of Sri Lanka left its standing lending facility rate at 7.5 percent and standing deposit facility rate at 6 percent, it said in a statement on its website on Tuesday. All five economists in a Bloomberg survey had predicted no change.

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