CBSL slashes SDFR and SLFR by 200 basis points

Colombo (LNW): The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to slash the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the CBSL by 200 basis points to 11 per cent and 12 per cent, respectively.

The move comes in after ‘careful analysis of the current and expected developments, including the faster-than-envisaged disinflation process and benign inflation expectations in the domestic economy,’ the CBSL said.

This will aim the enabling of the country’s economy to reach its potential and stabilising inflation at mid-single-digit levels in the medium term, whilst easing pressures in the financial markets.

By doing so, the CBSL expects that the market interest rates, particularly lending rates, will adjust downwards adequately and swiftly.

Share post:

spot_imgspot_img

Popular

More like this
Related

IPS Urges Wealth Tax Shift as VAT Relief Risks Recovery

By: Staff Writer October 25, Colombo (LNW): Sri Lanka must move...

18 New Industrial Zones Test Sri Lanka’s Investment Credibility

By: Staff Writer October 25, Colombo (LNW):Sri Lanka’s plan to establish...

SOE Shake-Up Tests Government’s Promise of Efficient Governance

By: Staff Writer October 25, Colombo (LNW):President Anura Kumara Dissanayake’s disclosure...

China Market Deal Tests Sri Lanka’s Export Competitiveness

By: Staff Writer October 25, Colombo (LNW): Sri Lanka’s latest trade...