The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 27 May 2024, 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 8.50 per cent and 9.50 per cent, respectively.
The rates were unchanged, in a board decision which carefully assessed the current and expected macroeconomic developments and possible risks on the domestic and global fronts with a view to maintaining inflation at the targeted level of 5 per cent over the medium term while supporting the economy to reach its potential.
“While the medium term inflation outlook remains compatible with the current level of policy interest rates and inflation expectations are well anchored, the board observed the need for a further reduction in market lending interest rates in line with policy interest rates and other benchmark interest rates, which is imperative for the easing of domestic monetary conditions and domestic economic recovery,” the board said in a statement on Tuesday.
My acquittance with Chula goes back to 1976, 77 where Ananda Under 15 Soccer practices had in Cambel place, Chula was a brilliant mid fielder could kick the ball from both legs
Former Speaker and NPP MP Asoka Ranwala was arrested today following a road accident in the Denimulla area of Sapugaskanda last night, police said.
President Anura Kumara Dissaayake today announced a relief package for persons, including school children affected by the devastating landslides and floods.
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