CBSL keeps policy rates unchanged

Central Bank Governor Dr. Nandalal Weerasinghe says rates could be eased if outlook shifts post-US tariff talks, but sees no immediate need to change current stance Notes leading indicators suggest continued growth momentum in Q2; expresses confidence in over 3% GDP growth over next three years Says 16.1% credit growth is part of post-crisis recovery, with no signs of economic overheating Notes credit is shifting from SOEs to private sector, helping boost private investment

- BY CHARUMINI DE SILVA

THE Central Bank of Sri Lanka (CBSL) yesterday announced an unchanged stance on policy rates at 7.75% following the Monetary Board Review on Tuesday, after assessing both domestic and global developments.

The Board is of the view that the current monetary policy stance will help steer inflation towards the target of 5% in the period ahead, while supporting growth.