Inflation Bottoming, CBSL To Hike Rates In H210

We still expect the Central Bank of Sri Lanka to begin hiking rates by the end of the year, in spite of consumer price inflation falling to a six-month low of 5.3% y-o-y in May. With inflationary pressures building, we expect the central bank to hike the repo and reverse repo rates by 50bps each to 8.00% and 10.25% respectively by the end of the

To read the full article, please choose one of the following options: