Central Bank further reduces policy interest rates by 0.5-pct

CBSL reduces policy rates by 0.5-pct in view of stable inflation outlook over medium term & subdued demand pressures

The Monetary Policy Board of the Central Bank decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points (bps) to 8.50 per cent and 9.50 per cent, respectively. The Board arrived at this decision following a comprehensive assessment of current and […]