May 10 (TheLedger) - The Central Bank of Sri Lanka held its standing deposit and lending facility rates unchanged at its November policy meeting, but Governor M. Jayasundara delivered the most explicit pre-cut guidance in three years.
"Disinflation is now well anchored, and the rupee has held a tight range against the dollar for two consecutive quarters," Jayasundara told reporters. "Both are pre-conditions we have monitored carefully."
Economists at three leading domestic banks now expect a 50 basis-point cut at the January meeting, citing today's language as decisive.
