CB keeps Policy rates unchanged
16 September 2011 04:29 am
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Central Bank of Sri Lanka is to maintain its policy rates at their current levels i. e. repurchase rate at 7 percent and reverse repurchase rate at 8.5 percent, a statement by the Central Bank said.
The bank has decided not to alter the policy rates as the domestic economy is expanding at a 'commendable pace' supported by external and domestic demand.
According to the statement Sri Lanka's GDP is estimated to have grown by around 8 percent in the first half of 2011 and the headline inflation declined to 7 percent year on year from 7.5 percent a month earlier.