Sri Lanka cut the benchmarked CBSL rates window at an emergency policy meeting held in last month by 0.25% and reduced SRR by 4% to inject more liquidity to the money market. In an advanced meeting held today, they cut rates by further 0.25%. Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank stands at 6.00% and 7.00%, respectively. This decision will complement the measures taken thus far to ease market conditions and enable the domestic financial market to provide further relief to businesses and individuals affected by the outbreak of the COVID-19 pandemic and restrictions placed to contain its spread within the country, CBSL stated in the press release.
Sri Lanka monetary authorities lowered the interest rate once again
Interest RatesApr 3, 2020