2/19/2008

The Central Bank of Sri Lanka is likely to keep its benchmark interest rate at 10.5%, a 5 1/2-year high, according to analysts surveyed by Bloomberg. "Given that inflation risks remain pertinent ... we think policy should be tightened," said Singapore-based economist Prakriti Sofat of HSBC. "However the uncertainty surrounding the U.S. outlook and the global economy will probably make the central bank more cautious in taking action."

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