Central+Bank+reduces+policy+rates
Friday, 31 May 2019 - 10:17
Central Bank reduces policy rates
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The Central Bank, Board of Finance yesterday decided to reduce policy rates which are used for transactions between the Central Bank of Sri Lanka and commercial banks by 50 basis points.

Accordingly the Standing Deposit Facility Rate has been reduced to 7.5% and the Standing Lending Facility Rate to 8.5%.

The Central Bank said that this step was taken with loans being provided to the private sector by commercial banks dropping.

Another reason for reducing interest rates is activating economic procedures.

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