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Sri Lanka’s central bank kept its policy rate unchanged at 8.75% ahead of the budget in mid-November, citing anchored medium-term inflation expectations despite inflation at 8% in August.
Sri Lanka's central bank kept its key policy rate unchanged at 8.75% on Wednesday, ahead of the island nation's budget in mid-November.The decision was in line with market expectations after Sri Lanka raised its policy rate by a steep 100 basis points in May to steady its currency and protect forei…