CB maintains policy rates at current levels

The Monetary Board of the Central Bank of Sri Lanka (CBSL) announced today that it has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 5 percent and 6 percent.

The CBSL said the board arrived at this decision after carefully considering the macroeconomic conditions and expected developments on the domestic and global fronts.

“While the board noted the recent acceleration of inflation, driven mainly by supply disruptions and the surge in global commodity prices, it affirmed its commitment to maintaining inflation at the targeted levels over the medium term with appropriate measures, so that the economy is able to reach its potential in the period ahead.