Stocks fell in the last two sessions on profit taking

A guidance peg for interbank transactions weakened by one cent to 360.97 rupees

The grant was given in response to a request by Sri Lanka’s government.

He said inflation may peak around September below 70 percent before showing a downward trend.

 At the moment, the Central Bank is in the process analysing its creditors before it reaches out to them.

There has been no request to restructure domestic debt

The Governor of the Central Bank says that Sri Lanka s negotiations with the International Monetary Fund (IMF) is making good progress and that an IMF delegation is expected to visit the island by the end of August to reach a staff-level agreement.

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 per cent and 15.50 per cent, respectively.

ECONOMYNEXT – Sri Lanka’s central bank said it was holding its policy rates at 15.50 percent, while data showed market interest rates are close to twice the rate and private credit and imports falling. Monetary Policy Review: No. 06 – August 2022The Central Bank of Sri Lanka maintains policy interest rates at their current levelsThe Monetary Board of the Central Bank of Sri Lanka...

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