Economy
Central Bank surprisingly cuts key rates by 50 basis points
COLOMBO (News1st): The central bank has announced that it has further reduced policy rates by 50 basis points with effect from May 6, to support economic activity.
COLOMBO (News1st): The central bank has announced that it has further reduced policy rates by 50 basis points with effect from May 6, to support economic activity.
Issuing a statement, the monetary authority noted that the Standing Deposit Facility Rate and the Standing Lending Facility Rate have been reduced by 50 basis points respectively.