November 29, 2019 / 2:14 AM / 13 days ago

Sri Lanka cenbank leaves key policy rates unchanged, as expected

COLOMBO, Nov 29 (Reuters) - Sri Lanka’s central bank left its key interest rates unchanged on Friday, as widely expected, two days after the new government announced major tax cuts to boost economic growth that has fallen to a near two-decade low.

It kept the standing deposit facility rate (SDFR) and standing lending facility rate (SLFR) steady at 7.00% and 8.00%, respectively. A Reuters poll had expected the Central Bank of Sri Lanka to keep both rates steady.

The central bank has cut rates by 100 basis points in two meetings since May to bolster the economy after the deadly Easter Day bomb attacks by Islamist militants. (Reporting by Shihar Aneez, Editing by Sherry Jacob-Phillips)

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