Central Bank Holds Policy Rate Steady Amid Inflation Concerns
The monetary board cited balanced risks as its reason for pausing further rate cuts.
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The Central Bank’s monetary board met in Jaffna on Wednesday, weighing inflation data against calls from exporters for a more competitive rupee.
The figures come as Sri Lanka continues its post-crisis recovery, with exporters pressing for policy stability over the medium term.
We are seeing early signs of a genuine, broad-based recovery.
Central Bank Economist
- Small business associations asked for extended repayment terms
- The finance ministry will publish a full report next month
- Foreign remittances remained steady compared to the previous quarter
The next policy review is scheduled within the quarter, with markets watching closely for further signals.
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