The Central Bank of Sri Lanka (CBSL) has clarified that recent remarks by Governor Dr. Nandalal Weerasinghe did not indicate or commit to any future increase or reduction in policy interest rates.
The clarification follows reports by several print and electronic media outlets which, according to the CBSL, misinterpreted remarks made by the Governor during a recent media interview.
The CBSL said the current monetary policy stance was assessed as appropriate in view of prevailing and anticipated global and domestic economic conditions, as communicated by the Governor during the latest Monetary Policy Review in July 2026.
It said monetary policy decisions are made in a forward-looking and data-driven manner, with decisions on whether to increase, decrease or maintain policy interest rates taken at each monetary policy review.
Such decisions take into account the latest available economic data, forecasts and risk assessments.
The CBSL said the Governor’s remarks were intended to explain this established policy framework and did not constitute any commitment or indication regarding the future path or level of policy interest rates. (Newswire)