The above is the question bankers, the private sector and the public is confronted with when the Central Bank’s Monetary Board meets on Wednesday for its monthly meeting to review monetary policy.
The decision of the board would be announced on Thursday at 7.30 am, the Central Bank said in a statement.
The last time interest rates were increased was on April 8 with the highest hike in several years. Then Monetary Board decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 700 basis points to 13.50 per cent and 14.50 per cent.
The funeral of arguably the Queen of the Sinhala cinema Malini Fonseka, will be held with state honours on Monday, May 26, 2025, at the Independence Square.
First Bishop of the Batticaloa Diocese, Retired Bishop Joseph Ponnaiya, passed away today at the age of 74, following a brief illness.
The NPP government has been at the wheel for almost 6 months now. The time to keep looking at the rear view mirror and living in the past is about over.
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