CBSL Monetary Board says policy interest rates increased

CBSL Monetary Board says policy interest rates increased

CBSL Monetary Board says policy interest rates increased

Written by Mayooran Kantharvel

24 Mar, 2017 | 10:09 am

The Monetary Board of the Central Bank has taken measures to increase the policy interest rates commencing today.

In a release, the CBSL says the Standing Deposit Facility Rate has been increased to 7.25%, while the Standing Lending Facility Rate has been increased to 8.75%.

News1st inquired from Economist, Shiran Fernando about the implications of this increase.

Latest News

Are you interested in advertising on our website or video channel
Please contact us at [email protected]