COLOMBO, Jan 28 (Reuters) – Sri Lanka’s central bank kept its overnight policy rate unchanged on Wednesday as it awaited the latest review on a $2.9 billion International Monetary Fund program.
The Central Bank of Sri Lanka (CBSL) held the overnight policy rate at 7.75%, as unanimously forecast by a dozen economists in a Reuters poll.
The economists cited stable inflation, healthy credit growth and steady economic expansion as key reasons to maintain the rate.
CBSL has kept the rate unchanged since May.
A IMF fact-finding mission is currently in Colombo to assess government policies ahead of approving a sixth tranche of the four-year program.
(Reporting by Uditha Jayasinghe; Editing by YP Rajesh)
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