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OverviewAPI
Sri Lanka's central bank is implementing rate cuts to boost economic growth and awaiting the completion of the IMF's first review of a $2.9 billion bailout package. The rate cuts aim to stimulate growth and achieve the targeted inflation level of 5% over the medium term. The country's economy is projected to shrink 2% this year, but the World Bank expects GDP to grow 1.7% next year.

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