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Sri Lanka crisis

Sri Lanka central bank holds rates, expects inflation to ease

Crisis-hit country braces for steep GDP contractions

A Sri Lankan protester holds a national flag on Aug. 10 at a seafront tent camp in Colombo, which became the focal point of monthslong nationwide demonstrations.

COLOMBO (Reuters) -- The Central Bank of Sri Lanka (CBSL) kept its key rates steady on Thursday, as widely expected, as it awaits the impact of past hikes to trickle through the economy while a fall in global commodity prices is also expected to soothe domestic inflation.

The Standing Lending Facility rate stayed at 15.50% while the Standing Deposit Facility Rate remained at 14.50%.

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