The central bank of Sri Lanka (CBSL) left its repurchase rate on hold at 7.5% today. With the central bank still assessing the impact of a number of major policy changes introduced last month, the decision was expected by all seven analysts in the Bloomberg survey (including ourselves). The reforms, the most important since the end of the civil war in 2009, have led to us to adjust our 2012 forecasts for growth, inflation, interest rates and the currency.
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