Sri Lanka, March 26 -- The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Overnight Policy Rate (OPR) at 8.00%, citing confidence in the current monetary stance to guide inflation towards its 5% target while supporting economic growth.

The decision has been made at the board's meeting held yesterday (25).

Furthermore, the CBSL said that the Board remains confident that the prevailing monetary policy stance will ensure that inflation will move towards the target of 5% while supporting the growth of the domestic economy.

Releasing the regular statement on the monetary policy review, CBSL highlighted, "Inflation remains negative at present mainly due to repeated reductions in electricity tariffs ...