It last raised rates by 100 basis points in early March - its first increase in seven months - as part of efforts to finalise a four-year IMF programme meant to help it emerge from the island's worst financial crisis in more than seven decades. (Reporting by Uditha Jayasinghe and Swati Bhat; Editing by Andrew Heavens)
COLOMBO, April 4 (Reuters) - Sri Lanka's central bank
kept its interest rates unchanged on Tuesday in the face of
stubbornly high inflation, in its first policy decision since
securing a $3 billion bailout from the International Monetary
Fund (IMF).
The Central Bank of Sri Lanka kept its standing deposit
facility rate and standing lending facility rate at 15.50% and
16.50%, respectively, it said in a statement.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.