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Central Bank Lowers SRR And Introduces Credit Schemes

The Central Bank of Sri Lanka (CBSL) last night announced it would lower the Statutory Reserve Ratio (SRR) and introduce two new credit schemes in a bid to stimulate the economy. The decision comes on the heels of a tough meeting with President Gotabaya Rajapaksa, during which the CBSL Governor Professor W. D. Lakshman and other senior officials were lambasted for failing to provide any meaningful contributions towards reviving the COVID-19-hit economy.

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