Sri Lanka Holds Rates; Inflation, Credit Growth Ease Further
The Central Bank of Sri Lanka held its benchmark repurchase rate steady at 7.75 percent, as expected, saying inflation eased in October and should decline further while the growth of broad money and credit to the public sector decelerated sharply in the third quarter. The central bank, which has raised rates by [...]
The Central Bank of Sri Lanka held its benchmark repurchase rate steady at 7.75 percent, as expected, saying inflation eased in October and should decline further while the growth of broad money and credit to the public sector decelerated sharply in the third quarter.
The central bank, which has raised rates by 75 basis points so far this year to control inflation, said the global economy should slow further due to the “absence of proactive leadership amidst … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards