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.
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