INSUBCONTINENT EXCLUSIVE:
The Monetary Board of Sri Lanka's Central Bank has decided to relax monetary policies and reduce policy interest rates aiming to boost
economic growth and stabilize inflation at mid-single digit levels, Central Bank Governor Dr
Indrajith Coomaraswamy said
"The Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 50 basis
points to 7.50 percent and 8.50 percent respectively
Statutory Reserve Ratio (SRR) remains unchanged at 5.00 percent, Governor Coomaraswamy told the press at CBSL's monetary policy review
The event was held at Central Bank auditorium, Colombo.
