Sri Lankan monetary policy
Central Bank of Sri Lanka
April 15, 2015
Sri Lanka’s Monetary Board surprised investors with a 50-basis point cut in its lending rate to 7.5% and borrowing rate to 6.0%. This was the first change in those rates in a year and a half. They had been cut by 50 bps in October 2013 and previously by that amount in August 2013 and […] More
Central Bank of Sri Lanka
February 17, 2014
Monetary officials announced no further changes now in Sri Lanka’s 8.0% reverse repo (lending) rate of 6.5% repo rate. The lending rate had been cut by 50 basis points at the prior policy review on January 2, and both rates previously were reduced by 25 bps in December 2012, 50 bps in May 2013, and […] More
Sri Lankan Monetary Policy Left Unchanged
April 16, 2013
The Monetary Board of the Central Bank of Sri Lanka retained a 7.5% repo rate and a 9.5% reverse repo rate but hinted of possible further easing later this year. Monetary policy measures taken so far indicate that expected results are being realised, providing reasonable stimulus for a higher economic growth. At the same time, […] More
Sri Lankan Monetary Policy Not Changed
October 23, 2012
Officials at the Central Bank of Sri Lanka left their repo and reverse repo rates unchanged at 7.75% and 9.75%, respectively, after this month’s policy review. A new statement called the current stance tight, appropriate, and effective in slowing private credit expansion and containing inflation. On-year credit growth has slipped below 30% for the first […] More
Sri Lankan Monetary Policy Decision
August 7, 2012
The Central Bank of Sri Lanka Monetary Board previously hiked its key repo and reverse repo rates by 50 basis points in February and another 25 bps in April. Board members were satisfied at their mid-June meeting that the intended dampening effects on import growth and domestic credit expansion were happening. At today’s meeting, officials […] More
