• Thu. Jul 11th, 2024

Central Bank of Sri Lanka holds policy interest rates steady

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 13 October 2021 decided to maintain policy rates at current levels In consideration of the current and expected macroeconomic developments.

The Monetary Board was of the view that the current level of policy interest rates is appropriate, however, the CBSL said it would continue to monitor domestic and global macroeconomic and financial market developments and stand ready to take appropriate measures, as and when necessary, with the aim of maintaining inflation in the desired range under the flexible inflation targeting framework in the medium term, while supporting and sustaining the economic recovery.

The Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank was maintained at their current levels of 5.00 percent and 6.00 percent, respectively

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