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Monday, 11 November 2013 - 13:04
Sri Lanka keeps policy rates steady, credit to state easing
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Sri Lanka kept its policy rate corridor steady at 6.50 percent to withdraw excess cash and 8.50 percent to inject money in to the banking system, saying the inflation outlook was benign and state credit demand was reducing.

 

The Central Bank said In September credit to private business had risen to 20 billion rupees, and the state and state enterprise had paid back 50 and 25 billion rupees to the banking system.
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