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Sri Lanka central bank holds rate to support growth rebound

Summary by Channel News Asia

COLOMBO : Sri Lanka's central bank kept its key policy rate unchanged for a second consecutive meeting on Wednesday to support to support the island nation's recovery from a deep financial crisis.The overnight policy rate of the central bank was held steady at 8 per cent.A dozen out of the 15 analy

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Financial Post

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Sri Lanka Central Bank Chief Says Policy Rate Is Appropriate

(Bloomberg) — Sri Lanka’s central bank governor said monetary policy is “appropriate” right now, as the South Asian nation’s economy and inflation are moving in line with their goals.

7 days ago·Canada

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Channel News Asia

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Sri Lanka central bank holds rate to support growth rebound

7 days ago·Singapore

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ft.lk

CBSL keeps policy rates unchanged

The Monetary Policy Board on Tuesday (25) decided to keep the Overnight Policy Rate (OPR) at 8.00% at its meeting.

6 days ago

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Lanka Business News

The Central Bank of Sri Lanka keeps the Overnight Policy Rate (OPR) unchanged - Lanka Business News

The Monetary Policy Board decided to keep the Overnight Policy Rate (OPR) at 8.00% at its meeting held yesterday. The Board arrived at this decision after carefully considering the developments both domestically and globally. The Board remains confident that the prevailing monetary policy stance will ensure that inflation will move towards the target of 5% while supporting the growth of the domestic economy. Inflation remains negative at present…

7 days ago

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Lanka News Web (LNW)

CBSL Maintains Policy Rate at 8% to Support Inflation Target and Economic Growth - LNW Lanka News Web

The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Overnight Policy Rate (OPR) at 8.00%, expressing confidence in its current monetary stance to guide inflation towards the 5% targetwhile supporting economic growth. The decision was made during the Board meeting on March 25. In its monetary policy review statement, CBSL highlighted that inflation remains negative due to repeated electricity tariff and f…

7 days ago

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EconomyNext

Spot US dollar 296.70/95 Sri Lanka rupees, bond yields up

ECONOMYNEXT – Sri Lanka’s rupee was quoted at 296.70/95 to the US dollar in the spot market Tuesday, relatively flat from 296.75/85 Monday, dealers said, while bond yields were up steeply. A bond maturing on 15.10.2028 was quoted at 10.00/10 percent, up from 9.80/90 percent. A bond maturing on 15.09.2029 was quoted at 10.22/30 percent, up from 10.05/18 percent. A bond maturing on 15.10.2030 was quoted at 10.40/50 percent, up from 10.05/15 percen…

8 days ago

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