Sri Lanka's Central Bank aims to lower sky-high interest rates hurting small businesses and self-employed individuals.

The Central Bank of Sri Lanka is working to reduce high lending rates that disproportionately affect small businesses and marginal borrowers. Despite a relaxed monetary policy, interest rates can reach up to 20%, impacting MSMEs and self-employed individuals. Governor Dr. Nandalal Weerasinghe aims to balance low interest rates for business revival with low inflation and positive returns for savers.

2 months ago
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