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Sri+Lanka+cuts+policy+rates
Thursday, 16 April 2015 - 12:13
Sri Lanka cuts policy rates
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Sri Lanka has cut policy rate corridor by 50 basis points lowering its repo rate to 6 percent and reverse repo rate to 7.50 percent with effect from yesterday, to boost credit and investment.

The Central bank said current behaviour of market interest rates is viewed to be inconsistent with the continued low inflation and investments needed to address concerns on economic growth for the year.

Inflation is projected to remain at low mid-single digit level in 2015.

Inflation eased to 0.01 percent in March 2015 from 0.6 percent in February, the same year.
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