Sri Lanka economy Department Target Sri Lanka

CBSL maintains policy interest rates

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COLOMBO (News 1st) – The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 October 2022, 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 percent and 15.50 percent, respectively.

In arriving at this decision, the Board considered the latest macroeconomic conditions, expected developments, and macroeconomic projections.

The Board noted the tight monetary conditions prevailing at present, the decelerating pace of inflation, and the envisaged disinflation path in the near term supported by both domestic and global factors.

The Board was of the view that the monetary conditions remain sufficiently tight to achieve the envisaged disinflation path in the period ahead.

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