Central Bank of Sri Lanka maintains SDFR at 8.25% and SLFR at 9.25% on Sept 26, 2024, targeting 5% inflation and growth.
The Central Bank of Sri Lanka has decided to maintain its Standing Deposit Facility Rate at 8.25% and Standing Lending Facility Rate at 9.25%. This decision, made on September 26, 2024, aims to stabilize inflation around a 5% target while allowing economic growth. Inflation is expected to remain below this target in the near term, with Gross Official Reserves at $6 billion as of August 2024, bolstered by foreign exchange purchases.
September 27, 2024
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