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Monday, 17 February 2014 - 10:45
Sri Lanka policy rates unchanged: credit picking up: Central Bank
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Sri Lanka's central bank kept policy rates steady in February signalling that gilt rates are bottoming out but said longer term lending rates have more room to fall.

The Central Bank said in its February monetary policy statement that whilst deposit interest rates and rates on Government securities have indicated signs of stabilising at current levels, longer term lending rates, which displayed some downward adjustments in January, have space to decrease further.

The central bank is expecting credit to grow 16 percent this year.
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