General · Sri Lanka
Sri Lanka's Central Bank Maintains Policy Interest Rate at 8.75%
Owlester AI · from 1 source ·
Sri Lanka's Monetary Policy Board decided on September 29 to keep the Standing Deposit Facility Rate (SDFR) and Standing Lending Facility Rate (SLFR) unchanged at 8.75% and 9.75% respectively. This decision, announced by the Central Bank of Sri Lanka on September 30, was made after considering current domestic and global economic developments. The board also paid special attention to potential risks arising from geopolitical tensions in the Middle East and the El Niño phenomenon.