Written by Staff Writer
27 Dec, 2019 | 9:54 am
Colombo (News 1st) – The Monetary Board of the Central Bank of Sri Lanka, has decided to maintain its monetary policy stance with the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank remaining at their current levels of 7.00% and 8.00%, respectively.
A release issued by the Central Bank noted that the Board arrived at this decision, during a meeting held yesterday, following a careful analysis of current and expected developments in the domestic economy, the financial market as well as the global economy.
The CBSL noted that the Monetary Board decision is consistent with efforts to maintain inflation between 4 – 6% while supporting economic growth to reach its potential over the medium term.
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