Will Sri Lanka’s Central Bank hike interest rates or not on Thursday?

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The above is the question bankers, the private sector and the public is confronted with when the Central Bank’s Monetary Board meets on Wednesday for its monthly meeting to review monetary policy.

The decision of the board would be announced on Thursday at 7.30 am, the Central Bank said in a statement.

The last time interest rates were increased was on April 8 with the highest hike in several years. Then Monetary Board decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 700 basis points to 13.50 per cent and 14.50 per cent.

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