Sri Lanka, March 26 -- The Central Bank of Sri Lanka has kept the Overnight Policy Rate (OPR) at 8% following a review by the Monetary Policy Board. The decision was based on domestic and global economic conditions, with confidence that the current policy stance will guide inflation towards the 5% target while supporting economic growth.

Inflation remains negative due to reductions in electricity tariffs and fuel prices but is expected to turn positive by mid-2025. The economy showed strong recovery in 2024 after two years of contractions, with positive momentum continuing.

Rupee liquidity remains in surplus, and market interest rates have declined. Credit flows to the private sector have remained strong, supporting economic activity. ...