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Sri Lanka's Central Bank Lowers Reverse Repurchase Rate

Aug 20, 2010 12:27:47 AM - yahoo.com
(RTTNews) - Sri Lanka's central bank on Friday reduced its reverse repurchase rate by 50 basis points to stimulate economic activity. The Central Bank of Sri Lanka slashed the reverse repurchase rate to 9% with immediate effect and retained the repurchase rate at 7.25%.