Sri Lanka Central Bank maintains policy interest rates at current levels

Apr 08, 2019 (LBO) – Monetary Board of Sri Lanka's Central Bank at its meeting held today decided to maintain policy interest rates at their current levels. Accordingly, the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank will remain at 8.00 percent and 9.00 percent, respectively. "The Board arrived at this decision following a careful analysis of current and expected developments in the domestic economy, the financial market as well as the developments in the global economy, with the broad aim of stabilising inflation at mid single-digit levels in the medium term to enable the economy to reach its potential," Monetary Policy Review - No 2 of 2019