Sri Lanka makes no change to its short term interest rates

From left: Dr. Fernando Im, Senior Country Economist for Sri Lanka and the Maldives, The World Bank, Hon. Eran Wickramaratne, State Minister, Ministry of Finance and Mass Media, Dr. W A Wijewardana, Former Deputy Governor of the Central Bank of Sri Lanka, Prof. Indralal de Silva, Former (Chair) of Demography, University of Colombo, Prof. Amala de Silva, Department of Economics, University of Colombo at the panel discussion on "Demographic Change in Sri Lanka" moderated by Dr. Ramani Gunatilaka, International Centre for Ethnic Studies.

The Central Bank kept its key short-term interest rates steady in December, following its monthly monetary policy announcement late Tue. The Central Bank kept its key short-term interest rates steady in December, following its monthly monetary policy announcement late Tue. The overnight repurchase (repo) and reverse repurchase (reverse repo) rates will remain at 7.5 percent and 9.0 percent respectively. The bank last month raised the rates by 0.5 percent in November.