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CB lowers reverse repo rate by 50 base points

Aug 20, 2010 1:47:19 AM - adaderana.lk
Central Bank has reduced its lending rates to commercial banks by 50 basis points expecting a further reduction in the lending rates by respective banks to their customers. The CB Monetary Board, has decided to reduce the Reverse Repurchase rate by 50 basis points with immediate effect while keeping the Repurchase rate unchanged. MORE...