Macro Analysis /

Sri Lanka: Monetary Policy Review August 2022 – Key policy rates on hold

  • CB maintains rates; expects a steeper than anticipated contraction in growth

  • Inflation to peak in August following electricity price hike; looks to reduce gradually thereafter

  • Reserves at USD 1.8bn in July including USD 1.5bn swap; we factor in an IMF SLA in September

Lakshini Fernando
Asia Securities
18 August 2022
Published byAsia Securities


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