Categories: Articles

LNP – Central Bank maintains policy interest rates

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 5.00 per cent and 6.00 per cent, respectively.

The Board arrived at this decision, at its meeting held on 24 November 2021, after carefully considering the macroeconomic conditions and expected developments on the domestic and global fronts, the central bank said.

The Board noted the recent acceleration of inflation, driven mainly by supply disruptions and the surge in global commodity prices, and reiterated its commitment to maintaining inflation at the targeted levels over the medium term with appropriate measures, while supporting the economy to reach its potential in the period ahead.

Tyronne Jayamanne

Recent Posts

LNP – President calls on state employees to fulfill people’s aspirations

President Anura Kumara Dissanayake stated that if the current government fails to meet the expectations…

21 hours ago

LNP – Discrepancies in issuance of permits to expatriate workers to import electric vehicles

There have been abuses in the issuance of permits for expatriate workers to import electric…

24 hours ago

LNP – Third review approved by IMF, SL to get next US$ 333 million tranche

The International Monetary Fund (IMF) reached a staff level agreement with Sri Lankan authorities, paving…

24 hours ago

LNP – Sri Lanka: One of the best ethical and sustainable sourcing destinations

Sri Lanka Embassy in Brussels participated at the European Parliament “Fair Trade Breakfast-2024”, on 13…

2 days ago

LNP – Jetstar Asia eyes Colombo as key market for regional growth and tourism

etstar Asia yesterday launched its Colombo-Singapore direct route positioning itself as the only low-cost carrier…

2 days ago

LNP – Sri Lanka revealed as most popular solo travel destination for 2025

Solo travellers are getting older and are increasingly drawn to Asian destinations – with Sri…

2 days ago