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Sri Lanka central bank keeps policy rates steady to tame inflation

By Inquirer - 10 months ago
COLOMBO  -Sri Lanka’s central bank kept interest rates steady on Tuesday, in line with market expectations, forgoing a rate cut as a new tax threatened upward pressure on expenses and fueled concerns about inflation. The Central Bank of Sri Lanka (CBSL) maintained the Standing Deposit Facility Rate at 9 percent and the Standing Lending Facility

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