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The Central Bank of Sri Lanka maintained its key interest rate on Tuesday. The Monetary Board held the reverse repurchase rate at 10.5% and repurchase rate at 8%.
"The Monetary Board is of the view that the current levels of policy interest rates do not require any adjustment at the present time, since the policy measures adopted so far are still supportive of the desired outcome of gradual easing of the credit conditions in the country," the central bank said.
On September 11, the central bank had slashed the key rates by 50 basis points.
The central bank expects inflation to be at "subdued levels in the approaching months." The Colombo consumer price index rose 0.7% on a yearly basis in September, following an increase of 0.9% in August.
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