Considering the severity of the external shocks CBSL raised the key interest rates by 1.0%

CBSL said to observe, supply-side factors have contributed to pressure general price level, while the build-up of aggregate demand, that will force to accelerate the core inflation. Monetary Board is of the view that a comprehensive policy package containing both traditional and non-traditional measures, along with other initiatives that have an impact on the overall economy, is essential to counter such economic headwinds.