COLOMBO, Dec 12 (Reuters) - Sri Lanka's central bank on
Wednesday cut its key monetary policy rates by 25 basis points
to boost economic growth as inflation is expected to moderate
next year, confounding market expectations that rates would be
The bank reduced the repurchase rate and the reverse
repurchase rate to 7.50 percent and 9.50 percent respectively.
A Reuters poll with 13 analysts had expected that both rates
would remain unchanged.
The bank trimmed the rates, which had been at three-year
highs, for the first time since January 2011. Rates had been
kept steady since April as part of a strategy to counter a
(Reporting by Shihar Aneez and Ranga Sirilal; Editing by Simon