CB seen keeping rates intact

Friday, 21 March 2014 04:35 - - {{hitsCtrl.values.hits}}

Reuters: The Central Bank is expected to keep its key policy rates steady on Friday, a Reuters poll showed, after slashing them to multi-year lows to boost the country’s faltering economic growth. The Central Bank has cut the repurchase rate by 125 basis points (bps) and reverse repurchase rate by 175 bps since December 2012 to stimulate economic growth, which picked up to 7.3% last year from 6.3% in the previous year. The Central Bank has estimated the $67 billion economy would grow 7.8% this year.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.