Monetary Policy Board of the Central Bank of Sri Lanka decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 25 basis points (bps) to 8.25 per cent and 9.25 per cent, respectively.
Standing Deposit Facility Rate (SDFR) – 8.25%
Standing Lending Facility Rate (SLFR) – 9.25%
Statutory Reserve Ratio (SRR) – 2.00%
The Monetary Policy Board considered the need to signal the continuation of the eased monetary policy stance, thereby inducing a further reduction in market lending rates.
The financial institutions are expected to transmit the benefit of policy easing thus far by continuing the downward adjustments in lending interest rates.
