Central Bank reduces its Policy Interest Rates

(UTV|COLOMBO) – The Central Bank of Sri Lanka, during a meeting held yesterday (22), has decided to reduce its Policy Interest Rates by 50 basis points.

Accordingly, the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank have been reduced by 50 basis points to 7 per cent and 8 per cent, respectively.

The Monetary Board of the Central Bank arrived at this decision following a careful analysis of current and expected developments in the domestic economy and the financial market as well as the global economy.

The decision was taken with the aim of further supporting the revival of economic activity in the context of low inflation prevailing at present and the medium-term inflation outlook, which is well anchored in the desired 4-6 per cent range, the Central Bank said.

 

 

[alert color=”faebcc” icon=”fa-commenting”]Keeping up to date with breaking news while you are on the move is now simple with UTV Alerts [textmarker color=”8a6d3b”]Type REG UTV and send to 77000[/textmarker] on your Dialog, Airtel, or Hutch mobile connection[/alert]

Related posts

Ilma’s first ever career guidance fair held

IMF arrives in Sri Lanka for discussions

USD sold at Rs. 260