May 9 (Reuters) - Central Bank of Sri Lanka:
* Sri Lanka central bank says keeps key monetary policy rates steady
* Sri Lanka cenbank says year-on-year private sector credit growth decelerated further to 20.4 percent in March from 21 percent at end February
* Sri Lanka cenbank says cumulative trade deficit increased to US$1.7 billion in the first two months of 2017 from US$1.2 billion in same period of 2016
* Sri Lanka cenbank says inflows, along with other financial inflows and likely disbursement of 3rd tranche under IMF extended fund facility would support balance of payments, country's reserve position
* Sri Lanka cenbank says inflation is projected to decelerate gradually to the desired mid-single digit levels by end 2017
* Sri Lanka cenbank says it is expected that credit extended to the private sector will decelerate to the envisaged levels by end 2017.
* Sri Lanka cenbank says there was a moderation in inflows from workers' remittances during the first quarter of the year Source text: (bit.ly/2pp6v0a)