• Last Update 2024-07-17 16:41:00

Central Bank of Sri Lanka further reduces policy interest rates

News

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.

You can share this post!

Comments
  • Still No Comments Posted.

Leave Comments