BUSINESS

CBSL to maintain its policy interest rates without a change

Staff Writer

The Central Bank of Sri Lanka has decided to maintain its policy interest rates unchanged this month.
Accordingly, the CBSL’s repurchase and reverse repurchase rates will remain at 6.5 and 8.5 percent respectively. Speaking exclusively to Newsfirst, CBSL Governor Ajith Nivard Cabraal, said that the policy interest rates are now at an ideal level.
Explaining the CBSL’s decision on maintaining interest rates unchanged, Central Bank Governor Ajith Nivard Cabraal, said that given low inflation forecasts and in order to stimulate rapid economic growth, the policy interest rates which were reduced on several occasions in the recent past, would be maintained at a low level.

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