Sri Lanka, Nov. 26 -- The Central Bank of Sri Lanka (CBSL) has decided to maintain the Overnight Policy Rate (OPR) at 7.75%, following its latest Monetary Policy Board meeting held yesterday (25).

The Board arrived at the decision after considering the evolving developments and the outlook on both domestic and global fronts, the CBSL said. The Board is of the view that the current monetary policy stance will support steering inflation towards the target of 5%.

Headline inflation based on the Colombo Consumer Price Index (CCPI) continued to accelerate in October for the third consecutive month. Inflation is expected to rise more gradually than projected earlier and move towards the target by H2-2026, according to the Central Bank.

Core ...