 "IMF")
The Central Bank of Sri Lanka (CBSL) held key policy rates steady on Thursday, noting that disruptions caused by a third wave of Covid-19 infections during the second quarter had hindered the island nation’s economic recovery.
Following the rate decision, Governor W D Lakshman expressed confidence that Sri Lanka could avoid seeking a bailout from the International Monetary Fund, despite running down foreign exchange reserves to support a rupee that has lost over 7 per cent against the dollar since the start of the year.
“I would like to reiterate that I have confidence that there will be a gradual improvement in
Disclaimer: No Business Standard Journalist was involved in creation of this content
