Sri Lanka

CBSL says interest rates cut aimed at spurring growth

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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 yesterday.

The event was held at Central Bank auditorium, Colombo.




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Category: Srilanka


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