The Central Bank of Sri Lanka (CBSL) has decided to further soar interest rates.
Accordingly, the CBSL’s Standing Deposit Facility Rate (SDFR) and Standing Lending Facility Rate (SLFR) have been raised by 100 basis points each to 14.5 per cent and 15.5 per cent respectively.
The CBSL has also announced that the statutory reserve ratio will be maintained at the current level of 4.00 per cent.
MIAP