CBSL continues its accommodative monetary policy stance

CBSL continues its accommodative monetary policy stance

CBSL continues its accommodative monetary policy stance

Written by Zulfick Farzan

22 Oct, 2020 | 10:03 am

Colombo (News 1st);  The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 21st October 2020, 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 4.50 percent and 5.50 percent, respectively, thereby continuing the prevailing accommodative monetary policy stance.

The Board noted the decline in overall market lending rates, following the unprecedented monetary easing measures taken by the Central Bank thus far during the year, and expects the broad-based downward adjustment in market lending rates to continue, thereby ensuring affordable credit flows to productive sectors of the economy in the prevailing low inflation environment.

READ FULL STATEMENT HERE : https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/press/pr/press_20201022_Monetary_Policy_Review_October_2020_e_G93k5.pdf

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