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IMF defends CBSL’s decision to raise policy rates

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The International Monetary Fund (IMF) says the decision taken by the Central Bank of Sri Lanka (CBSL) to raise the policy rates is appropriate and in line with its objectives.

“It reflects CBSL’s commitment to the inflation target and is an important part of the disinflation strategy in the EFF program, which is fully committed by the Sri Lankan authorities and supported by the IMF.”

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