Sri Lanka’s Central Bank (CB) on Friday decided to maintain interest rates at current levels.
The follows a meeting of its Monetary Board on Thursday where it was decided to maintain policy interest rates at current levels or the Standing Deposit Facility Rate (SDFR) and Standing Lending Facility Rate (SLFR) at 7.25 per cent and 8.50 per cent, respectively.
“The Board’s decision is consistent with stabilising inflation at mid-single digit levels in the medium term, thereby contributing to a favourable growth outlook for the Sri Lankan economy,” the CB said in a statement. -ENDS -
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