Policy interest rates to remain unchanged: Monetary Board

Policy interest rates to remain unchanged: Monetary Board

Policy interest rates to remain unchanged: Monetary Board

Written by Staff Writer

29 Nov, 2016 | 11:43 am

The Monetary Board of Sri Lanka has decided to keep policy interest rates unchanged, a factor that directly affects market interest rates.

Issuing a communique on Monday November 28, the Central Bank stated, that the Monetary Board had come to a decision that the prevailing monetary policy stance was appropriate.

Accordingly, the Central Bank Standing Deposit Facility Rate (SDFR) will remain unchanged at 7%, while the Standing Lending Facility Rate (SLFR) will be maintained at an unchanged rate of 8.5%.

The Central Bank also stated that the Statutory Reserve Ratio (SRR) stands at 7.5%.

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