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Interest rates

Published July 23, 2006
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COLOMBO, July 22: Sri Lanka’s Central Bank raised its key short-term interest rates on Saturday in a bid to check galloping inflation fuelled by high oil prices. “The Repo rate and the Reverse Repurchase (Reverse Repo) rate go up by 12.5 basis points to 9.125 per cent and 10.625 per cent,” the bank said in a statement following its monthly review of the economy.—AFP

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