{"id":23317,"date":"2011-08-19T17:03:00","date_gmt":"2011-08-19T21:03:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=2efb843d4abe7d1cb040f319547796a3"},"modified":"2011-08-19T17:03:00","modified_gmt":"2011-08-19T21:03:00","slug":"sri-lankan-central-bank-holds-repo-rate-at-7-00","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/08\/19\/sri-lankan-central-bank-holds-repo-rate-at-7-00\/","title":{"rendered":"Sri Lankan Central Bank Holds Repo Rate at 7.00%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The&nbsp;<a href=\"http:\/\/www.cbsl.gov.lk\/\" style=\"color: #3778cd; text-decoration: none;\">Central Bank of Sri Lanka<\/a>&nbsp;maintained its benchmark repurchase rate unchanged at 7.00%, and also held the reverse repurchase rate at 8.50%, and the Statutory Reserve Ratio at 8%. &nbsp;The Bank said:&nbsp;&#8220;with the continuous improvements in the supply of most food items, inflation is expected to moderate in the coming months,&#8221; and further noted that &#8220;the central bank will continue to closely monitor the growth of monetary aggregates and will implement appropriate measures if demand-side pressures in the economy increase.&#8221;<\/span><\/span><br \/><a href=\"http:\/\/www.blogger.com\/post-edit.g?blogID=8290544642025682538&amp;postID=4319184216238926290&amp;from=pencil\" name=\"more\"><\/a><\/span><br \/><a name='more'><\/a><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">Sri Lanka&#8217;s central bank also held its <a href=\"http:\/\/www.centralbanknews.info\/2011\/07\/sri-lanka-central-bank-holds-interest.html\">monetary policy stance<\/a><\/span><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">&nbsp;unchanged during its July meeting this year. &nbsp;Sri Lanka reported an annual headline inflation rate of 7.5% in July, compared to 7.1% in June, and 8.2% in May. &nbsp;The Bank noted that in H1 Sri Lanka received US$413 million in foreign direct investment (FDI) inflows, which compares to the country&#8217;s target of US$1 billion in FDI in 2011. &nbsp;Sri Lanka is aiming for 8.5% GDP growth in 2011, after its economy expanded 8% in 2010, meanwhile inflation is expected to slow to 6% by the end of 2011.<\/span><\/span><\/p>\n<div><span class=\"Apple-style-span\" style=\"background-color: white; font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><br \/><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"color: #3778cd; text-decoration: none;\">www.CentralBankNews.info<\/a><\/span><\/span><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-4319184216238926290?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Central Bank of Sri Lanka&nbsp;maintained its benchmark repurchase rate unchanged at 7.00%, and also held the reverse repurchase rate at 8.50%, and the Statutory Reserve Ratio at 8%. &nbsp;The Bank said:&nbsp;&#8220;with the continuous improvements &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23317","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=23317"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23317\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}