New monetary policy framework to boost financial stability and business growth: LRA

Lanka Rating Agency Ltd (LRA) yesterday endorsed Central Bank of Sri Lanka’s newly introduced monetary policy framework, calling it a strategic move to foster economic growth and corporate expansion.

“This new monetary policy framework is a strategic tool that empowers financial institutions to enhance their credit profiles and services,” the LRA said in a statement.

“It will effectively stimulate economic activities and enhance corporate business expansion while supporting corporate, SMEs, and MMEs balance sheets.”

The agency said the monetary policy as a critical strategic instrument that will empower financial institutions to strengthen their credit profiles, enhance service delivery across the banking sector, stimulate broader economic activities, support national business expansion while stimulating moderate demand, and provide robust support for organizational balance sheets. 

LRA, a leading credit rating agency in Sri Lanka, provides ratings, risk assessments, and sector-specific research to promote transparency and informed decision-making in financial markets.