Sri Lanka monetary stance appropriate, 3% growth target within reach, IMF says
Israel
COLOMBO, May 28 : Sri Lanka's monetary stance is broadly appropriate, and the country still has strong potential to reach the International Monetary Fund's 3 per cent growth target, the head of the IMF's Sri Lanka mission said on Thursday. He was speaking two days after Sri Lanka's central bank raised its benchmark policy rate by an unexpectedly large 100 basis points. The Central Bank of Sri Lanka (CBSL) raised the overnight policy rate to 8.75 per cent from 7.75 per cent, blaming higher
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