CBSL holds policy interest rates at current levels

 

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50% and 15.50%, respectively.

The decision was taken at a meeting held Tuesday (24 Jan.), in view of the recent and expected developments and projections on the domestic and global macroeconomic fronts.

Accordingly, CBSL was of the view that the maintenance of the prevailing tight monetary policy stance is imperative to ensure that monetary conditions remain sufficiently tight to rein in inflationary pressures.