RTTNews - Monday, the Monetary Board of the Central Bank of Sri Lanka retained its key interest rates.
The central bank maintained the reverse repurchase rate at 11% and the repurchase rate at 8.5%. According to the Monetary Board, the lower interest rate regime would enable private sector activity rebound. Economic activity is estimated to pick up during the second half of the year.
Further, the central bank expects financial intermediaries to continue to align their deposits and lending rates with the policy rates as well as current economic fundamentals.
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