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Colombo, Nov 24 (IANS) The Central Financial institution of Sri Lanka on Thursday’s introduced its to keep up the Standing Deposit Facility Fee and Standing Lending Facility Fee on the present degree of 14.50 per cent and 15.50 per cent, respectively.
Its Financial Board made the choice after contemplating latest and anticipated developments associated to each the home and world financial system in addition to macroeconomic projections, Xinhua information company quoted the financial institution as saying in an announcement.
The board famous that sticking to a good financial coverage stance is critical to include any demand-driven inflationary pressures on the financial system.
This may assist the Southeast Asian nation decrease inflation in the direction of the focused vary of 4-6 per cent over the medium time period, in keeping with the financial institution.
Supported by beneficial supply-side developments and tight financial coverage measures, inflation dipped in October after passing the height in September, the financial institution mentioned.
Inflation will proceed to say no within the coming months largely as a result of a drop in demand, anticipated enhancements in home provide, and normalization of world commodity costs, in keeping with the assertion.
–IANS
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