Sri Lankan central bank cuts rate.
BANKING AND CREDIT NEWS-July 9, 2020--Sri Lankan central bank cuts rate
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Global Banking News - 09 July 2020
The Sri Lanka central bank has said that it has cut its interest rates.
The apex bank has cut the rate by 100 basis points. On Thursday, it pared its benchmark lending and deposit rates by 100 basis points each. The measures were taken in response to COVID-19 effects on the economy.
The central bank kept the Statutory Reserve Ratio (SRR)...
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