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Bank of Sri Lanka keeps interest rates constant

The Central Bank of Sri Lanka (CBSL) today (November 24) left its policy rate unchanged and expects market interest rates to fall in line with the current policy rate.

CBSL maintained the interest rate on the standing loan facility at 15.50% and the interest rate on the standing deposit facility at 14.50%.

The CBSL’s supervisory board continued to believe that a tight monetary policy stance was necessary to contain demand pressures in the economy.

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