Central Bank raises Policy Interest Rates by 100 bps to finalize IMF-EFF arrangement

Central Bank raises Policy Interest Rates by 100 basis points to finalize IMF-EFF arrangement

The Monetary Board of the Central Bank has decided to raise the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Bank by 100 basis points to 15.50 per cent and 16.50 per cent, respectively, effective from the close of business on 03 March 2023. The CBSL and the staff […]