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CBSL policy rates unchanged

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The Monetary Policy 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 9.00 per cent and 10.00 per cent, respectively.

The Board arrived at this decision at its meeting held on Jan. 22 following a comprehensive assessment of domestic and international macroeconomic developments in order to maintain inflation at the targeted level of 5 per cent over the medium term, while enabling the economy to reach its potential, a statement said.

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held yesterday (Feb.26).

The decisions taken by the Cabinet of Ministers are as follows:

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Non-academic university staff to launch 2-day token strike

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The non-academic staff members of state universities have decided to go on a two-day token strike over several demands including a salary hike.

Accordingly, the strike will be held tomorrow (Feb.28) and the day after (Feb.29), University Trade Union Joint Committee’s Dhammika Priyantha said.

The committee had also warned to resort to a continuous TU action if authorities fail to address their issues within a week.

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Uddika Premarathne resigns as MP

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Anuradhapura District’s SLPP MP Uddika Premarathne has handed over his letter of resignation as a Member of Parliament, Speaker Mahinda Yapa Abeywardena has confirmed.

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