No Surprises

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

The Central Bank left its key short-term rates unchanged on Thursday, signalling that it was comfortable with the country
quote s economic fundamentals.
The overnight repurchase rate (repo rate) was kept at 7.0 percent and the reverse repurchase rate (reverse repo) at 8.50 percent, the bank said in a statement following its monthly Monetary Policy Meeting late Wednesday.rn

rnBond market dealers were not expecting the bank to lower its rates, considering the current political impasse.rn

rnThe bank has maintained it soft interest bias right throughout the crisis and has met market players to assure them that there would not be a change in its borrowing programme.rn


-LBO Newsdesk: LBOEmail@vanguardlanka.comrn

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