The decision was taken to inject liquidity into the banking system
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The Central Bank of Sri Lanka has cut its statutory reserve ratio (SRR) by 200 basis points to 2%, effective Aug. 16, the central bank said on Wednesday.
The decision was taken to inject liquidity into the banking system and further reduce the market liquidity deficit on a permanent basis, the bank said. (Reporting by Chris Thomas in Bengaluru; Editing by Andrew Heavens)
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