Central Bank of Sri Lanka cuts key interest rates by 25 basis points to support economic growth

COLOMBO, July 24 (Xinhua) -- The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) announced on Wednesday that it has reduced the Standing Deposit Facility Rate and the Standing Lending Facility Rate by 25 basis points, bringing them to 8.25 percent and 9.25 percent, respectively.

This decision was made during a meeting held on July 23, CBSL said in a statement.

The Board's decision follows a