Sri Lankan central bank further reduces policy interest rates

COLOMBO, July 6 (Xinhua) -- The monetary board of the Sri Lankan central bank decided to reduce the Standing Deposit Facility Rate and the Standing Lending Facility Rate by 200 basis points to 11.00 percent and 12.00 percent respectively, a statement from it said on Thursday.

The central bank said it took this decision at the monetary board meeting conducted on Wednesday.

The board arrived at this decisio