Sri Lanka’s Monetary Board held key interest rates unchanged yesterday citing low inflation, steady foreign remittances and earnings from tourism.
Dollar inflows expected to bolster foreign reserves contributed to the decision.
The Standing Deposit Facility Rate and the Standing Lending Facility Rate of the Central Bank were held unchanged at 6% and 7.5% respectively.
Deflation was 0.2% in August, for a second consecutive month, on a year-on-year basis.
