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Sri Lanka holds rates at record lows as expected
"The monetary board decided to maintain the standing deposit facility rate (SDFR) and the standing lending facility rate (SLFR)... unchanged at their current levels of 6.50 percent and 8.00 percent, respectively," the bank said in a statement.
It also continued the restricted access of SDF for commercial banks, allowing banks to deposit excess money at 6.50 percent only three times in a month and at 5.00 percent thereafter, which the market sees as an effective rate cut.
The repurchase rate and reverse repurchase rate have been at record lows since January. A Reuters poll of 14 analysts had expected the central bank to keep the policy rates unchanged. (Reporting by Shihar Aneez and Ranga Sirilal)