Central Bank maintains policy rates unchanged

Thursday, 19 March 2015 - 11:51

The Central Bank of Sri Lanka taking into consideration the developments in the economy has decided to maintain the Standing Deposit Facility Rate and the Standing Lending Facility Rate of the Central Bank of Sri Lanka unchanged at 6.50 per cent and 8.00 per cent, respectively.

According to the Monetary Policy Review for March 2015, the Sri Lankan economy is estimated to have grown by 7.4 percent in 2014 compared to 7.2 percent in 2013.

This growth was mainly supported by the expansion in the industry sector, which grew by 11.4 percent and the services sector, which grew by 6.5 per cent.

The Central Bank said the agriculture sector that was affected by adverse weather conditions, recorded a marginal growth of 0.3 percent.