The Central Bank of Sri Lanka has decided to reduce the overnight policy rates by 25 basis points to 7.75 per cent, further easing monetary policy.
It believes the decision will support steering inflation towards the 5-per cent target amid global uncertainties and subdued inflationary pressures.
Projections show signs of a more gradual pick-up in inflation in the near term than thought earlier.
It believes the decision will support steering inflation towards the 5-per cent target amid global uncertainties and subdued inflationary pressures.
Projections show signs of a more gradual pick-up in inflation in the near term than thought earlier.