Sri Lanka Central Bank maintains policy interest rates at current levels

central bank of sri lanka

July 11, 2019 (LBO) – Monetary Board of Sri Lanka’s Central Bank at its monetary policy meeting has decided to maintain policy interest rates at their current levels.

“Considering the current and expected macroeconomic conditions, the Monetary Board was of the view that there is ample space for market lending rates to adjust downwards in response to the policy measures already taken,” the Central Bank said.

Accordingly, the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank will remain at their current levels of 7.50 percent and 8.50 percent, respectively.

The Central Bank said it will continue to monitor the developments in the global and domestic financial markets and take appropriate further action as necessary to support economic growth in the context of well-anchored inflation and inflation expectations.