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Tuesday, February 08, 2011 - 6.45 GMT

Interest rates at 'comfortable level'- CB

 

Sri Lankan interest rates are now at a "comfortable level," said Governor of the Central Bank, Ajith Nivard Cabraal.

He told Dow Jones Newswires that a future loosening in policy couldn't be ruled out, while a tightening was "very, very unlikely" anytime soon.

Mr. Ajith Nivard Cabraal also said Sri Lanka's economy has been able to cope with the rupee's rise over the past year, adding that the authorities would continue to ensure currency moves were orderly.

 

 

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Last modified: February 08, 2011.

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