Central Bank of Sri Lanka
April 4, 2018
The Standing Lending Facility Rate at the Central Bank of Sri Lanka has been cut 25 basis points to 8.50%. By keeping the Standing Deposit Facility rate unchanged at 7.25%, the range between them has narrowed as a result. According to a released statement, inflation has decelerated as a result of softer food prices, inflation prospects are favorable, and economic growth has been lackluster. The previous interest rate change was, an increase of both interest rates was engineered in July 2016. A similar hike had been done as well in February of that year.
Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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