Dhaka, Bangladesh (BBN) – The Swiss National Bank held the benchmark three month Libor target unchanged at 0.25 percent, citing stabilizing economic conditions.  

The Bank of Japan left the overnight lending rate steady at 0.1 percent on uncertainty over the depth and sustainability of the recovery process, according to reports.   

Norges Bank, the central bank of Norway, cut the key overnight deposit rate by 25 basis points to 1.25 percent, as inflation remained above the target rate.  

Sri Lanka slashed the repo and reverse repo rates by 50 basis points each to 11 percent and 8.5 percent, citing the lowest growth rate since 2003.

BBN/SS/SI/AD-19June09-12:25 pm (BST)