Tuesday, February 8, 2011

Central Bank of Sri Lanka Holds Rate at 7.00%

The Central Bank of Sri Lanka held the repurchase rate unchanged at 7.00% and the reverse repurchase rate at 8.50%. In its statement the Bank noted that Sri Lanka recorded year on year inflation of 6.8% in January 2011, and annual average inflation of 6.0% in the same month. The Bank noted that there had been an increase in inflation due largely to supply driven factors pushing up food prices.  


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