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Sri Lanka central bank cuts rates by 25bp to 7.75-pct to push prices up
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Sri Lanka central bank cuts rates by 25bp to 7.75-pct to push prices up
ECONOMYNEXT – Sri Lanka’s central bank has cut its ‘single policy rate’ by 25 basis points to 7.75 percent, saying it will help push up inflation to its 5 percent target. The central bank has allowed itself to push up inflation up to 7 percent without any questions being asked by the parliament under provisions of its monetary law. “The Board is of the view that this measured easing of monetary policy stance will support steering inflation towar…
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