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Sri+Lanka+cuts+Reverse+Repo+Rate%2C+renames+it+Standing+Lending+Facility+Rate
Thursday, 02 January 2014 - 10:36
Sri Lanka cuts Reverse Repo Rate, renames it Standing Lending Facility Rate
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Central Bank renamed the reverse repurchase rate Standing Lending Facility Rate and reduced the rate by 50 basis points to 8.00 percent today with immediate effect.

The Bank left the repurchase rate unchanged at 6.50 percent compressing the Standing Rate Corridor to 150 basis points from the current 200 basis points.


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