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IMF urges tighter monetary policy to avoid sudden corrections in interest rates
The International Monetary Fund has urged Sri Lanka to aggressively tighten its monetary policy to avoid disruptive corrections in interest rates later in the year. The International Monetary Fund has urged Sri Lanka to aggressively tighten its monetary policy to avoid disruptive corrections in interest rates later in the year.
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The comments come following Central Bank's move on Tuesday to raise its benchmark policy rates by quarter percentage point, to curb inflation led by galloping global crude oil prices.