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Sri Lanka#39;s central bank reduces interest rates for a second time in a month to ease pressures on financial markets

A statement from the Central Bank of Sri Lanka said the deposit facility rate and the lending facility rates were reduced by 200 basis points to 11 and 12 per cent. This is aimed at “enabling the economy to reach its potential and stabilising inflation at mid-single digit levels in the medium term while easing pressures in the financial markets”, the statement said.

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​ A statement from the Central Bank of Sri Lanka said the deposit facility rate and the lending facility rates were reduced by 200 basis points to 11 and 12 per cent. This is aimed at “enabling the economy to reach its potential and stabilising inflation at mid-single digit levels in the medium term while easing pressures in the financial markets”, the statement said. A statement from the Central Bank of Sri Lanka said the deposit facility rate and the lending facility rates were reduced by 200 basis points to 11 and 12 per cent. This is aimed at “enabling the economy to reach its potential and stabilising inflation at mid-single digit levels in the medium term while easing pressures in the financial markets”, the statement said.  Moneycontrol Latest News Read More  

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