The Monetary Policy Board has decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75% at its meeting held on Tuesday (July 22), the Central Bank of Sri Lanka (CBSL) announced today.
This private sector credit expansion is expected to continue, the statement added. It further said that the Board will carefully monitor any realization of global uncertainties and assess incoming data on domestic developments. It added that the Board is prepared to take appropriate policy measures to ensure that inflation stabilizes around the target while supporting the economy to reach its potential.
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