Two key decisions from Central Bank

August 24, 2023 at 8:13 AM
  • The Monetary Board of the Central Bank of Sri Lanka, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) at their current levels of 11.00 per cent and 12.00 per cent, respectively
  • The Central Bank has decided to impose caps on interest rates on pawning facilities at 18 per cent, on pre-arranged temporary overdrafts at 23 per cent, and on credit cards at 28 per cent, per annum, for all licensed banks in the country.