Sri Lankan interest rates left unchanged

Business

Interest rates in Sri Lanka were left unchanged on Tuesday. a decision made at the regular monthly meeting of the Monetary Board of the Central Bank, following an improvement in the local and external (economic) environment.

At Monday’s meeting, the board decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at 7.25 per cent and 8.75 per cent, respectively. The Statutory Reserve Ratio (SRR) continue at 7.50 per cent.
“Considering developments in the domestic and international macroeconomic environment, the Monetary Board was of the view that the current monetary policy stance is appropriate. Accordingly, the policy interest rates of the Central Bank of Sri Lanka will remain unchanged at their current levels,” the banking regulator said in a statement, early on Tuesday.

The decision to continue current interes rates comes ahead of the Government's 2018 national budget being presented on Thursday, November 9. The Central Bank sets benchmark rates which are then followed by banks and financial institutions. - ENDS -

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

June 2, 2025

- 474 - 0

National Tax week launched

The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.

June 2, 2025

- 379 - 0

SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.

June 3, 2025

- 224 - 0

Krishanthi Kumaraswami convicts FR dismissed by SC

The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.

June 6, 2025

- 218 - 0

SriLankan flight grounded in Indonesia

A SriLankan airlines flight has been grounded in an airport in Indonesia due to a technical defect leaving 93 passengers stranded, an official said.

June 5, 2025

- 182 - 0

Alert Moratuwa resident averts railway derailment

The actions of a resident in Egoda Uyana, Moratuwa helped to avoid a possible railway accident involving an office train on the southern coastal line today, the Railway Department said.

June 9, 2025

- 177 - 0

Protest in Colombo over attack on food aid ship to Gaza

A protest is underway at the Liberty Circle following Israeli forces attacking an aid ship to Gaza containing prominent activists carrying food to try and end the blockade of resources by the Israeli Government.