(LANKAPUVATH | COLOMBO) – The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 23 November 2023, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 100 basis points (bps) to 9.00 per cent and 10.00 per cent, respectively.
"Central Bank of Sri Lanka further reduces policy interest rates"Tag: Central Bank
(LANKAPUVATH | COLOMBO) – The Central Bank of Sri Lanka (CBSL) has issued an Order reducing the interest rates on lending products of all licensed commercial banks (LCBs) and licensed specialized banks (LSBs) with effect from August 25 (Friday).
"CBSL issues order slashing interest rates on lending products" (LANKAPUVATH | COLOMBO) – The Central Bank of Sri Lanka (CBSL) says its Monetary Board has decided to impose caps on interest rates on pawning facilities, pre-arranged temporary overdrafts and credit cards for all licensed banks.
"Central Bank sets maximum limits on pawning, credit card interest rates" (LANKAPUVATH | COLOMBO) – The Monetary Board of the Central Bank of Sri Lanka has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 11.00 per cent and 12.00 per cent, respectively.
"Central Bank maintains policy interest rates at current levels" (LANKAPUVATH | COLOMBO) – The Monetary Board of the Central Bank of Sri Lanka has decided not to renew the money changing permits of 15 Money Changers for the year 2023.
"Central Bank not to renew Money Changing Permits issued to 15 Money Changers for 2023" (LANKAPUVATH | COLOMBO) – The Monetary Board of Sri Lanka’s Central Bank has decided to relax monetary policies and reduce policy interest rates aiming to gradually ease inflationary pressures and to aid recovery of economy, the Central Bank said in its monetary policy review on Thursday.
"Sri Lanka cuts policy rates by 250 bp to reduce inflation and boost economic recovery" (LANKAPUVATH | COLOMBO) – Considering the recent public inquiries and the developments observed relating to cryptocurrencies, which are also commonly referred to as “crypto”, the Central Bank of Sri Lanka (CBSL) reiterated to the public of the significant risks associated with using and investing in cryptocurrency.
"Sri Lanka Central Bank again cautions public on risks of using and investing in Cryptocurrency" (LANKAPUVATH | COLOMBO) – Official reserve assets of Sri Lanka at the end of November 2022 were at USD 1,705, the Central Bank of Sri Lanka (CBSL) says.
"Sri Lanka’s official reserve assets increase in Nov 2022" (LANKAPUVATH | COLOMBO) – The Central Bank of Sri Lanka has issued a statement saying that the speculation that remittances sent by expatriate Sri Lankans to the country are taxed and forcibly converted into Sri Lankan Rupees is completely unfounded.
"Central Bank dispels rumors about remittances from migrant workers" (LANKAPUVATH | COLOMBO) –The Monetary Board of the Central Bank of Sri Lanka has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 per cent and 15.50 per cent, respectively, after considering the recent and expected developments in the domestic and global economy and macroeconomic projections.
"Central Bank to maintain interest rates at its current levels"