No Cuts

(From L-R) Hussain Sadique –Chairman, SLRA / Group Director, Hameedia, Mano Tittawella –Senior Advisor, Ministry of Finance & Media, Ajith Amarasekera- Director, SLRA / CEO Swarnamahal, Leonard Michael Perera, Founder Convenor & Head of Business, SLRA Dinesh Perera-Director, SLRA / Deputy Director, Abans

Central Bank left key interest rates unchanged on account of the high liquidity in the financial system at present.
The decision came after its monthly policy meeting on Wednesday evening. rn

rnMeanwhile, Central Bank has decided to absorb a part of this liquidity gradually through a longer-term absorption under its active open market operations window.rn

rnIn order to give effect to this decision, the Bank will commence its new longer-term auctions shortly, says a Central Bank statement.rn