Sri Lanka's central bank on Wednesday decided to leave its key interest rates unchanged as the current stance ensures long term growth.
The Central Bank of Sri Lanka maintained the repurchase rate at 7.75 percent and the reverse repurchase rate at 9.75 percent. The monetary board assessed that the current monetary policy stance is appropriate.
Moreover, the board said it is satisfied that the policy measures adopted thus far are yielding the desired results in the monetary and external sectors to ensure the long term growth and stability of the economy.
Despite an expected gradual moderation in growth from the second quarter onwards, it is forecast to attain a 7.2 percent growth this year.
by RTT Staff Writer
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