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CB says continued consolidation crucial

Continuation is key believes Central Bank Governor Dr. Indrajit Coomaraswamy, who has backed the Government to continue its fiscal consolidation process and aim for sustainable growth by keeping policy rates steady despite 2017 facing turbulence in reaching its growth targets after record natural disasters.

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Economy to recover during second half - CB

With due consideration to the prevailing and evolving domestic and international macroeconomic environment, the Monetary Board, at its meeting held on June 22, 2017 was of the view that the current monetary policy stance is appropriate and decided to maintain the policy interest rates of the Central Bank of Sri Lanka at their present levels.

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