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Sri Lankan central bank further reduces policy interest rates in October

COLOMBO, Oct. 5 (Xinhua) — The monetary board of the Sri Lankan central bank decided to reduce the Standing Deposit Facility Rate and the Standing Lending Facility Rate by 100 basis points to 10.00 percent and 11.00 percent, respectively, it said in a statement on Thursday.

Central Bank of Sri Lanka said it took this decision at the monetary board meeting held on Wednesday.

The central bank said the mone