Sri Lanka policy rates unchanged

Tuesday, 27 January 2015 - 12:38

Sri Lanka's central bank held policy interest rates at 6.5 and 8.0 percent taking in to the consideration of remaining low inflation in the island Central Bank said in its monetary policy review of January 2015.

The regulator says with tax cut on fuel and other key commodities announced in the Government’s ‘100-Day Programme’ are expected to reduce inflation further in the months ahead.

In December 2014, headline inflation on a year-on-year basis was at 2.1 per cent compared to 1.5 per cent in the previous month.