December 28, 2017 / 2:16 AM / 6 months ago

BRIEF-Sri Lanka Cenbank Keeps Key Monetary Policy Rates Steady

Dec 28 (Reuters) - Central Bank of Sri Lanka:

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

* SRI LANKA PRIVATE SECTOR CREDIT GREW 16.2 PERCENT Y/Y IN OCT VERSUS 17.5 PERCENT IN SEPT - CENBANK

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

* SRI LANKA CENBANK - ALTHOUGH NEAR TERM GROWTH PROSPECTS REMAIN SUBDUED, EXPECTS ECONOMY TO RECOVER IN 2018 DUE TO SURGE IN EXPORTS AND FOREIGN DIRECT INVESTMENTS

* SRI LANKA CENBANK SAYS RECOVERY IN AGRICULTURE SECTOR WOULD ALSO SUPPORT GROWTH PERFORMANCE IN 2018

* SRI LANKA CENBANK SAYS HIGH FOOD PRICES STEMMING FROM SUPPLY DISRUPTIONS COULD CAUSE HEADLINE INFLATION TO REMAIN AT SOMEWHAT ELEVATED LEVELS IN IMMEDIATE FUTURE

* SRI LANKA CENBANK SAYS INFLATION IS EXPECTED TO RETURN TO THE DESIRED LEVEL TOWARDS END OF FIRST QUARTER OF 2018

* SRI LANKA CENBANK SAYS OTHER MARKET INTEREST RATES ARE ALSO EXPECTED TO ADJUST FURTHER DOWNWARDS IN LINE WITH THE YIELD RATES Source text: (bit.ly/2DnRjYn)

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