Sri Lanka's Central Bank today reduced the reverse repurchase rate by 50 basis points to 8 percent. The bank also announced changing the name of the key monetary tool to Standing Lending Facility Rate. The Bank however left the repurchase rate unchanged at 6.50 percent.Issuing its Monetary Policy Review the Central Bank said the continued easing of monetary policy through 2013 amidst low and stable inflation has brought about desired macroeconomic outcomes. Central Bank assessed the real GDP growth for 2013 to be around 7.2 percent growth and expects the economic growth to accelerate further during the current year, and indicated that inflation is likely to remain in mid-single digits.