Sri Lanka holds interest rates
Central bank to introduce single policy rate in “near future”
The Central Bank of Sri Lanka (CBSL) held its key interest rates on September 27 as it claimed inflation in the country remained under control.
The standing deposit facility rate stands at 8.25% while the standing lending facility rate remains at 9.25%.
The CBSL said annual headline inflation had fallen to 0.5% in August from 2.4% in the previous month. It added that inflation was set to remain well below the bank’s 5% target over the upcoming few quarters. In July, the CBSL cut its key rates by
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