The Monetary Board of the Central Bank of Sri Lanka today decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 25basis points to 6.00per cent and 7.00per cent, respectively, effective from the close of business on April 3, a statement from the bank said.
“This decision will complement the measures taken thus far to ease market conditions, and enable the domestic financial market to provide further relief to businesses and individuals affected by the outbreak of the COVID-19 pandemic and restrictions placed to contain its spread within the country,” the statement said.
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