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Sri+Lanka+maintains+policy+rates
Friday, 22 May 2015 - 13:18
Sri Lanka maintains policy rates
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Central Bank has decided to maintain current policy interest rates as the Monetary Board was of the view that the current monetary policy stance is appropriate.

Accordingly, the Monetary Board has decided to maintain the Standing Deposit Facility Rate and the Standing Lending Facility Rate of the Central Bank unchanged at 6.00 percent and 7.50 percent, respectively.

Following the reduction in policy rates of the Central Bank in April 2015, market interest rates have adjusted downwards as expected and credit obtained by the private sector from commercial banks increased by 13.9 percent in March 2015 on a year-on-year basis.

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