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Friday, 21 March 2014 - 12:40
Sri Lanka policy rates steady; inflation, credit growth benign
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The Central Bank said amid benign credit growth and inflation Sri Lanka is holding a policy rate corridor at 6.5 to 8.0 percent.

Credit to government had expanded by 68.3 billion rupees in January 2014 but the proceeds of a sovereign bond sold in January is expected to have reduced credit to the state in February.

Credit to private sector has grown 5.2 percent in the year to January 2014, from 7.5 percent in December 2013 mostly due to falling gold-backed loans and repayments of short-term advances by companies.
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