December policy rates on hold

Wednesday, 11 December 2013 - 14:41

The Central Bank kept the policy rates unchanged for the month of December amid the recent pick up in the private credit and debt repayments by state owned corporations, cutting the burden on state banks and the government.

Accordingly, the repurchase and reverse repurchase rates will be kept unchanged at 6.50 percent and 8.50 percent, respectively.

The Central Bank said, in October, the credit extended to the private sector increased by Rs.27.2 billion in absolute terms.

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