gossip lanka

Central Bank reduces its policy interest rates

The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points to 6.50 per cent and 7.50 per cent, respectively.

The Board arrived at this decision, at its meeting held on Wednesday (January 29), following a careful analysis of current and expected developments in the domestic economy and the financial market as well as the global economy, a release said.