Tuesday, 22 April 2014 - 11:24
Sri Lanka maintains policy rates, current monetary policy appropriate
Sri Lanka's Central Bank has decided to maintain current policy interest rates as its Monetary Board is of the view that the current monetary policy stance is appropriate.
Accordingly, the Standing Deposit Facility Rate would remain at 6.50 percent while the Standing Lending Facility Rate remains at 8.50 percent.
The Central Bank said the Sri Lankan economy is poised for stronger performance with the recovery observed in the external sector, sustained momentum in construction and manufacturing sectors and with monetary aggregates performing as expected, and inflation remaining low and stable.