February 15, 2018 / 2:09 AM / 3 months ago

BRIEF-Sri Lanka Cenbank Keeps Key Monetary Policy Rates Steady

Feb 15 (Reuters) - Central Bank of Sri Lanka :

* SRI LANKA CENTRAL BANK SAYS KEEPS KEY MONETARY POLICY RATES STEADY

* SRI LANKA PRIVATE SECTOR CREDIT GREW 14.7 PERCENT Y/Y IN DEC VERSUS 15.4 PERCENT IN NOV - CENBANK

* SRI LANKA CENBANK SAYS MONETARY BOARD ALSO NOTED THAT THE ECONOMY IS CURRENTLY OPERATING AT A LEVEL BELOW ITS POTENTIAL

* SRI LANKA CENBANK SAYS ECONOMY LIKELY TO RECOVER FROM EFFECTS OF ADVERSE WEATHER CONDITIONS IN PAST 2 YRS, BENEFIT FROM EXPECTED BOOST IN EXTERNAL DEMAND AND FOREIGN DIRECT INVESTMENT INFLOWS

* SRI LANKA CENBANK SAYS BOTH HEADLINE AND CORE INFLATION WILL STABILISE IN DESIRED MID-SINGLE DIGIT LEVELS DURING REMAINDER OF 2018

* IMPROVEMENTS IN TRADE FRONT, INCLUDING EXECUTION OF NEW TRADE DEALS LIKELY TO PROVIDE NECESSARY IMPETUS FOR ECONOMY TO ACHIEVE POTENTIAL IN THE MEDIUM TERM

* OVERALL FISCAL PERFORMANCE EXPECTED TO HAVE DEVIATED FROM ENVISAGED PATH, DUE TO INCREASED EXPENDITURE ON FLOOD AND DROUGHT RELATED RELIEF MEASURES, SLIPPAGES IN REVENUE COLLECTION Source text - bit.ly/2BuO5EE

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below