Sri Lankan central bank remodels benchmark rates

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The Central Bank of Sri Lanka has rebranded its two main interest rates, it announced today, while easing monetary policy further in the face of declining inflationary pressures.

The monetary board said it has established a "standing rate corridor" in place of the existing "policy rate corridor". This does not involve the creation of any new monetary policy instruments but, rather, renaming the existing ones.

The Central Bank of Sri Lanka conducts monetary policy predominantly through open marke

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