Sri Lanka benchmark interest rates unchanged at monetary policy meeting

Monetary Policy Committee says the introduction of appropriate structural reforms is essential to foster high economic growth, given limited policy spaces. Sri Lanka rupee remained broadly stable with a marginal depreciation while reserves sufficient to cover 4.5 months of imports. CBSL to take proactive measures to ensure the continued anchoring of inflation expectations in mid-single-digit levels. Further, the growth of credit to the private sector is expected to accelerate. The faster downward adjustment in market lending rates is expected.