Sri Lanka Cuts Rate 25 Bps To 7.5% As Inflation Seen Easing
The Central Bank of Sri Lanka cut its benchmark repurchase rate by 25 basis points to 7.50 percent, saying an expected decline in inflation by the second quarter of 2013 would allow it to ease monetary policy and support the economy so the growth potential can be reached in 2013 and following years. [...]
The Central Bank of Sri Lanka cut its benchmark repurchase rate by 25 basis points to 7.50 percent, saying an expected decline in inflation by the second quarter of 2013 would allow it to ease monetary policy and support the economy so the growth potential can be reached in 2013 and following years.
The central bank, which raised rates twice earlier this year to limit credit growth, also said it would let the ceiling on rupee credit that can be extended by banks … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards