Sri Lanka’s Central Bank keeps policy rates steady

Wednesday, 31 August 2016 - 10:24


Sri Lanka’s Central Bank has decided to keep its key interest rates steady for a 4th straight month, despite rising inflation and high private sector credit growth.

Both headline and core inflation, measured on a year-on-year basis, edged down in July 2016.

The normalisation observed in domestic supply conditions and the suspension of the revisions made to certain taxes moderated consumer price inflation.

However, the underlying upward trend in inflation, as reflected in annual average price changes, appears to have continued thus far during the year.