Sri Lanka Central Bank to maintain its policy interest rates unchanged

Sri Lanka kept its benchmark interest rates unchanged, waiting to see if three reductions in borrowing costs this year are enough to stoke an economic revival after the end of almost three decades of civil war.

The Central Bank of Sri Lanka held the reverse repurchase rate at 11 percent and maintained the repurchase rate at 8.5 percent, according to a statement on the Colombo-based bank’s Web site today.