Central Bank wants to reduce lending rates to SMEs by 200 bps in near term

Central Bank wants to reduce lending rates to SMEs by 200 bps in near term

Apr 29, 2019 (LBO) – Sri Lanka’s Central Bank expects the lending rates to reduce by around 200 basis points to SMEs in the near term that would reduce excessive cost of funds borne by the financial sector. The Central Bank said it observed high interest rates charged on lending products and excessively high interest rates […]