INSUBCONTINENT EXCLUSIVE:
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Overnight Policy Rate (OPR) of the Central
careful analysis of the current and expected macroeconomic developments on the domestic and global fronts.This decision was made with a
medium-term view of ensuring that inflation converges to the target of 5 per cent, while supporting the economy to reach its potential, a
statement said.The Board observed that the current period of deflation, as projected earlier, has largely been an outcome of
downward revisions to electricity tariffs and domestic fuel prices, amidst subdued demand pressures, the CBSL noted.
