Accordingly, the Bank’s Repurchase rate remains at 7.00 per cent while the Reverse Repurchase rate remains at 8.50 per cent.

Inflation continued to moderate with the year-on-year change in the Colombo Consumers’ Price Index declining from 7.0 per cent in August to 6.4 per cent in September 2011, the CB said.

The recent announcement of the discovery of natural gas deposits in the Mannar basin – although further research is required to assess its commercial viability – is likely to raise investor attention on Sri Lanka further, the Bank added.

For full report please visit:

http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20111010ea.pdf