The Monetary Board of the Central Bank of Sri Lanka, at its meeting held yesterday, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 per cent and 15.50 per cent, respectively, the bank said.
"The Board, having noted the recent and expected developments and projections on the domestic and global macroeconomic fronts, was of the view that the maintenance of the prevailing tight monetary policy stance is imperative to ensure that monetary conditions remain sufficiently tight to rein in inflationary pressures", a statement from the bank said.
Such tight monetary conditions, together with the tight fiscal policy, are expected to adjust inflation expectations downward, enabling the Central Bank to bring inflation rates towards the desired levels by end 2023, thereby restoring economic and price stability over the medium term, the statement added.
Update - The Sri Lanka’s first female filmmaker Dr. Sumithra Peiris funeral will be held on Saturday January 21, 2023. The remain would be placed at her sister’s residence in Gower Street, Colombo 05.
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Deputy Director General of the National Hospital, Dr Rukashan Bellana was held hostage inside his office by Minor staff of the national hospital today, Police said.
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