- Last Update 2024-07-18 16:55:00
Central Bank further reduces interest rates
The Central Bank on Thursday further reduced interest rates in a bid to stimulate more activity in the COVID-19-hit economy.
“The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on April 15, having observed the cumulative reduction of the key policy interest rates of the Central Bank, namely the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR), by 200 basis points each since May 31, decided to allow the Bank Rate to automatically adjust in line with the SLFR, with a margin of +300 basis points,” the Central Bank said in a media release.
Accordingly, with effect from April 16, the bank rate, which is an administratively determined rate that could be used in periods of emergency, has been effectively reduced by 500 basis points from 15 per cent to 10 per cent, the release said.
-
Still No Comments Posted.
- July 11, 2024 - 1243 - 0
Colombo Fort Magistrate interdicted
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
- July 16, 2024 - 300 - 0
MP on open warrant turns up at school event
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
- July 12, 2024 - 276 - 0
SC refuses interim order on Judges appointments
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
- July 10, 2024 - 273 - 0
Deadline extended for G.C.E. A/L applications
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Related Articles
IN PIX: News Pictures of the week
- 18/07/2024 - 2 - 0
DWC calls for support of public to protect marine life
- 18/07/2024 - 19 - 0
UNESCO assures technical support for excavations in Anuradhapura
- 18/07/2024 - 20 - 0
Leave Comments