Sri Lanka private sector credit growth expands, Policy rates to be maintained: Central Bank

 

Sri Lanka Central Bank says credit to the private sector by commercial banks grew by 17.6 per cent, year-on-year, in May 2015, given the low interest rate environment in the Island.

In absolute terms, credit to the private sector expanded by 48.6 billion rupees in the month of May and by 150 billion rupees on a cumulative basis during the first five months of the year.

Year-on-year headline inflation has remained below one per cent from February 2015 largely reflecting the downward revision of domestic energy prices and the reduction in prices of selected consumer items.