The Standing Deposit Facility Rate (SDFR) and Standing Lending Facility Rate (SLFR) of the Central Bank of Sri Lanka have been chosen to remain at their existing levels of 11% and 12%, respectively, by the Monetary Board of the Central Bank.
The Board made this decision at its meeting on August 23, 2023, after carefully examining recent and future economic trends both domestically and internationally, the CBSL reported. The Board also took into account the major easing of monetary conditions that had taken place since June 2023.
The Monetary Board noted the market interest rates’ downward movement in response to the monetary policy easing measures already in place and the need to leave room for additional market adjustment.
