Sri Lanka Stocks Up as Rates Satay

 

 

 

dowmoney nload (7)Sri Lankan shares hit a two-and-a-half month high on Tuesday, led by foreign buying, after the central bank said there would be room for further monetary policy easing, though it freezed the key policy rates for April.

Before the stock market opened, the island nation’s central bank kept key monetary policy rates unchanged for a fourth straight month, as expected, but left the door open for easing later as inflation is expected to slow further.

The main stock index gained 0.22 percent, or 12.80 points, to 5,852.58, its highest close since Jan. 28.

 

 

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