Sri Lanka maintains policy rates to sustain inflation at mid-single digit levels
Sri Lanka's Central Bank releasing the monetary policy review on Friday said based on the current developments and outlook for key macroeconomic variables, the Monetary Board of the Central Bank was of the view that the continuation of the current monetary stance is suitable.
Accordingly, the Monetary Board at its meeting held on 10 May has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank unchanged at 7.25 percent and 8.50 percent, respectively while the Statutory Reserve Ratio remains at 7.50 percent.
In arriving at this decision, the Board took into consideration the recent global market developments, the macroeconomic impact of recent adjustments in administered prices, and the fact that more time is ne...
