Sri Lanka likely to hold rates steady amid stable growth and tariff uncertainty

Sri Lanka’s central bank is expected to keep interest rates unchanged for the third consecutive meeting on May 22, as it aims to sustain economic recovery while assessing the potential impact of US tariff actions, according to a Reuters poll.

The country’s economy grew by 5% in 2024, outperforming expectations and marking a significant turnaround after a deep financial crisis triggered by a severe shortage of US dollars three years ago. All 12 analysts and economists surveyed by Reuters anticipate that the Central Bank of Sri Lanka (CBSL) will maintain its current policy stance. The decision is seen as a response to moderate inflation, steady growth momentum, and lingering uncertainty surrounding US trade policy…..| read more on INTELLINEWS