Tuesday, June 14, 2011
Central Bank of Sri Lanka Holds Repo Rate at 7.00%
The Central Bank of Sri Lanka kept the repurchase rate unchanged at 7.00%, and left the reverse repurchase rate at 8.50%, and the reserve ratio at 8%. The Bank said: "The Monetary Board...decided to maintain policy interest rates of the central bank at their current levels,". On inflation the bank noted: "With the continuous supply of vegetables and other field crops after the floods, domestic food prices have started to decline, thereby easing pressure on inflation."