Sri Lanka, July 10 -- Based on incoming data, the Central Bank of Sri Lanka (CBSL) expects that the Sri Lankan economy will strongly rebound in the second half of the year, Central Bank Governor Prof. W. D. Lakshman said.

Prof. Lakshman speaking at the Monetary Policy Review press conference held at the CBSL Auditorium yesterday opined that the Monetary Board decision to reduce policy interest rates further by considerable margin of 100 basis points has been taken with the expectations such as banks would pass the benefits to their customers by bringing their lending rates down and making use of the increased levels of available liquidity to provide loans to borrowers at low interest cost thereby facilitating economic revival and growth....