Central Bank of Sri Lanka Maintains the policy Interest Rates
Anuradha Indrajith
2024-09-27 05:00:01
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) at 8.25% and the Standing Lending Facility Rate (SLFR) at 9.25%.
After reviewing recent and anticipated macroeconomic developments, the Board made this decision during their meeting on 26th September. The aim is to ensure that inflation complies with the 5% target in the medium term, while also promoting the economy's potential for growth.
The CBSL noted that inflation is expected to stay well below the 5% target in the coming quarters, with the possibility of deflation due to changes in administratively controlled prices and improved supply conditions.
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