Sri Lanka

Central Bank of Sri Lanka: No Further Change

June 13, 2012

Two interest rate hikes of 50 basis points and 25 bps were implemented this year by monetary authorities in February and April, but the latest review resulted in no further changes of the 9.75% reverse repo or 7.75% repo rate.  From a high in 2007 of 10.5%, the repo rate had been cut to 7.0% […] More

Sri Lankan Monetary Policy Unchanged

June 14, 2011

Sri Lanka’s Monetary Board left its 7.0% repurchase rate and 8.5% reverse repo rate unchanged at a fifth consecutive monthly meeting.  Rates have not begun to rise.  In January, such were reduced by 25 basis points and 50 bps, and cuts during 2010 amounted to 25 bps and 75 bps.  CPI inflation of 8.8% in […] More

Central Bank of Sri Lanka Leaves Policy Steady After Monthly Review

February 8, 2011

The repo rate had been cut by 50 basis points in November and 25 bps each in December and January but was left unchanged this month at 7.0%.  200 bps of cuts were implemented in the first half of 2010.  No rate changes occurred between February 2007 and February 2010.  Central bank officials also left […] More

Sri Lankan Monetary Policy Left on Hold

March 18, 2010

As expected, no changes were announced in the Central Bank of Sri Lanka’s 7.5% repo rate or its 9.75% reverse repo rate.  Those key interest rates were reduced by 300 basis points and 225 bps, respectively, during 2009 but not since November.  The next policy review is scheduled for April 22.  A statement released by […] More

Sri Lankan Monetary Policy Stance Held Steady

February 16, 2010

The Central Bank of Sri Lanka retained its repo and reverse repo rates of 7.5% and 9.75% for a third consecutive month.  Upwardly creeping CPI inflation is attributed to higher commodity prices and base effects, and the primary object of central bank policy continues to be the promotion of domestic economic recovery.  The repo and […] More