The Central Bank of Sri Lanka has decided to reduce its policy interest rates.
Accordingly, it has been decided to reduce the Central Bank’s Standing Deposit Facility Rate (SDFR) to 11 percent and Standing Lending Facility Rate (SLFR) to 12 percent.
The decision was taken by the Monetary Board of the Central Bank which met yesterday (05).
Meanwhile, the Monetary Board on May 31 decided to lower policy interest rates substantially.
As a result, the SDFR and SLFR were reduced by 250 basis points to 13 percent and 14 percent respectively.
