COLOMBO, Feb 12 (Reuters) - Sri Lanka's central bank kept
policy rates unchanged on Tuesday, as expected, to support
faltering economic growth as it expected inflation to ease from
March onwards, with a subsequent fall in deposit and lending
rates in the near future.
"The Monetary Board was of the view that current monetary
policy stance is appropriate," the central bank said in a
The bank said deposit and lending rates would in forthcoming
ensuing weeks in line with its 25 basis point policy rate cut in
December - stimulating private sector activity.
The bank left the repurchase rate and the reverse repurchase
rate at 7.50 percent and 9.50 percent respectively. It also kept
the commercial banks' Statutory Reserve Ratio (SRR) steady at 8
A Reuters poll forecast that both rates would remain
unchanged from these levels, their highest in three years.
(Reporting by Ranga Sirilal and Shihar Aneez; Editing by Eric