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Saturday, 08 March 2014 - 18:07
Sri Lanka's interest rates kept higher to help savers: Treasury Secretary.
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Treasury Secretary P B Jayasundera says that Sri Lanka's interest rates have been kept higher than underlying conditions required, in order to protect savers.

Jayasundera said price reforms in state energy utilities, transport and water distribution had resulted a public sector deficit reversal of around 2 percent of gross domestic product.

Policy interest rates had been held at the so-called 'repo' rate of 6.5 and also with term liquidity withdrawals.

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