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Central bank to maintain interest rates

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central bank of sri lanka, cbsl

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held yesterday, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 6.50 % and 7.50%, respectively, and thereby continue its accommodative monetary policy stance.

The Board arrived at this decision following a careful analysis of the current and expected developments in the domestic economy and the financial market as well as the global economy.

The decision of the Monetary Board is consistent with the aim of maintaining inflation in the 4-6% range while supporting economic growth to reach its potential over the medium term.-News 1st

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