CBSL further tightens monetary policy stance; increases SDFR & SLFR by 100 basis points

The Monetary Board of the Central Bank has decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points to 14.50 percent and 15.50 percent, respectively. Having noted the higher-than-expected escalation of headline inflation recently and the increased persistence of high inflation […]