Sri Lankan central bank keeps policy rates unchanged to control inflation ...Middle East

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Colombo: The Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate and the Standing Lending Facility Rate at their current levels of 9 per cent and 10 per cent, respectively, to control inflation at the targeted level of 5 per cent over the medium term, while enabling the economy to reach its potential, its statement said on Tuesday. The decision was taken on Monday following a comprehensive assessment of domestic and international macroeconomic developments in order, the central bank said in a statement. The board took note of the effects of the recent developments in taxation and supply-side factors that are likely to pose upside pressures on inflatio

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