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

The decision comes after reviewing domestic and global economic trends, with the Board noting that the current policy stance remains appropriate to guide inflation towards the 5% target.

Headline inflation, measured by the Colombo Consumer Price Index (CCPI), increased for the third consecutive month in October.

However, the Central Bank expects inflation to rise at a more moderate pace than previously projected and gradually move towards the target range by the second half of 2026.

Core inflation is also forecast to pick up slightly as economic demand strengthens, while medium-term in...