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CBSL raises policy rate by 100 basis points to 8.75%

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The Central Bank of Sri Lanka announced that its Monetary Policy Board, at the meeting held on May 25, decided to increase the Overnight Policy Rate (OPR) by 100 basis points to 8.75%.

The decision was taken in response to rising inflationary pressures and the need to maintain macroeconomic stability. The Central Bank stated that the policy adjustment aims to stabilize prices, support the economy, and ensure financial sector confidence amid current economic conditions.

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