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Sri Lanka considers further reducing interest rates in coming months

COLOMBO, June 8 (Xinhua) — Sri Lanka considered further reducing interest rates in the coming months, a minister said on Thursday.

State Minister of Finance Shehan Semasinghe told the parliament that the South Asian country’s economy is stabilizing and the interest rates will drop more.

Last week, the Monetary Board of the Central Bank of Sri Lanka (CBSL) decided to reduce the Standing Deposit Facility R