CBSL to maintain monetary policy stance

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The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Policy Interest Rates of the bank unchanged.

Accordingly, the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank will be maintained at the current levels of 13.50% and 14.50%, respectively. 

Issuing a statement, the Economic Research Department of CBSL stated that the Board is of the view that although inflation is projected to remain elevated in the near term, the substantial policy measures taken by the Board, at its meeting held on 08 April 2022, combined with the other measures to stem the firming up of aggregated demand pressures, are expected to contain any further build-up of inflation expectations and ease inflationary pressures in the period ahead.

Read the full release here: https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/press/pr/press_20220519_Monetary_Policy_Review_No_4_2022_e.pdf