The Monetary Board of the Central Bank of Sri Lanka has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels.
The Central Bank stated that at its meeting held today, its Monetary Board decided to maintain the Standing Deposit Facility Rate and the Standing Lending Facility Rate at their current levels of 15.50 per cent and 16.50 per cent, respectively.
Issuing a statement, the bank stated that the decision was taken after having considered the recent and expected economic developments, and macroeconomic projections on domestic and global fronts.
The Board was of the view that the maintenance of the prevailing tight monetary policy stance is necessary to ensure that monetary conditions remain sufficiently tight to facilitate the continuation of the ongoing disinflation process amidst the improvements in market sentiments following the finalisation of the Extended Fund Facility (EFF) from the International Monetary Fund (IMF) and the downward shift in elevated market interest rates reflecting the falling risk premia.
Full statement: Central Bank Monetary Policy Review (NewsWire)