Sri Lanka's central bank likely to resume rate cuts to foster growth: Reuters poll

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COLOMBO : Sri Lanka's central bank is expected to renew easing of interest rates on Wednesday, with a reduction of a quarter percentage point, as it looks to boost economic growth during the island nation's recovery from a lingering financial crisis.

That sets the stage for the International Monetary Fund (IMF) to greenlight the fourth tranche of the $2.9-billion bailout.

Six of the 13 respondents said they expect CBSL to start announcing a single policy rate, likely to be set at 8.25 per cent.

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Category: EconomyBusiness

Markets: SingaporeOmanSri Lanka

Topics: Economic Expected Bank Rates Recovery Lanka Central Financial Cent Easing Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 18:50:32 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 481 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

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News ID: 23826680

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