CBSL raises policy rates by 50bps; urges banks to swiftly increase deposit interest rates

Sri Lanka’s Central Bank has decided to adopt several policy measures with a view to strengthening macroeconomic stability. Accordingly, in consideration of the current and expected macroeconomic developments, the Monetary Board at its meeting held on 19 January 2022, has decided to: a) increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility […]