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Sri Lanka cut rates due to lower inflation, reduced external demand: CB Governor
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Sri Lanka cut rates due to lower inflation, reduced external demand: CB Governor
ECONOMYNEXT – Sri Lanka cut rates by 25 basis points to due to lower than projected inflation and expected lower external demand from geopolitical uncertainties, Central Bank Governor Nandalal Weerasinghe said. Sri Lanka’s central bank lowered its lending window rate to 8.25 percent and the enforceable deposit facility to 7.25 percent. It so-called overnight policy rate which has been held up by ‘signalling’ in recent weeks, was lowered to 7.75 …
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