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Sri Lanka's Central Bank Maintains Rates, Analysts Call for Rate Cut
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Sri Lanka's central bank is expected to keep rates steady but analysts are calling for a rate cut of 50-100 basis points. The country's economy is forecasted to shrink 2% this year, but growth is expected to rebound in the third and fourth quarters. The IMF is expected to approve the first review of the bailout package in December, which will release $330 million in funding.
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How will the rate cut impact the country's financial stability?
What are the potential benefits of the IMF's involvement in Sri Lanka's bailout package?
What factors are contributing to Sri Lanka's economic challenges?
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