1 Minute Read by Reuters Staff MUMBAI, India, 8 July (Reuters) – The central bank of Sri Lanka held its key policy rates constant on Thursday, as the island nation’s economic recovery slowed due to disruptions caused by the COVID-19 pandemic’s third wave. The Central Bank of Sri Lanka (CBSL) maintained the 4.50 percent standing deposit facility rate and the 5.50 percent standing lending facility rate, respectively. The mandatory reserve ratio of 2% was likewise left untouched. CBSL stated, “The Central Bank will continue to monitor domestic and global macroeconomic and financial market developments and stand ready to take appropriate steps as and when necessary.” It will also work to keep inflation in the planned range of 4% to 6% while promoting a long-term economic recovery, according to the statement. (Swati Bhat and Anuron Kumar Mitra contributed reporting; Muralikumar Anantharaman edited the piece.)/n
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