Policy rates & Foreign exchange: Key updates from CBSL

September 27, 2024 at 8:30 AM

The Central Bank of Sri Lanka maintains policy interest rates at their current levels

Standing Deposit Facility Rate (SDFR) – 8.25%

Standing Lending Facility Rate (SLFR) – 9.25%

Statutory Reserve Ratio (SRR) – 2.00%

The Central Bank has purchased a significant amount of foreign exchange from the domestic market to bolster Gross Official Reserves (GOR). GOR stood at US dollars 6.0 billion (including the swap facility from the People’s Bank of China) at end August 2024.