Sri Lanka keeps interest rates unchanged

Sri


Colombo, Oct 6 : Sri Lanka's central bank decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) at their current levels of 14.50 per cent and 15.50 per cent, respectively. The central bank announced on Thursday that it arrived at this decision after considering the latest macroeconomic conditions, expected developments, and macroeconomic projections, Xinhua news agency reported. It said it noted the present tight monetary conditions, the reducing pace of inflation, and both domestic and global factors have helped the country stabilise. The current fiscal policies are complementing the monetary policy and are helping to mitigate any build-up of aggregate demand pressures, it said. The central bank expects the country's headline inflation to drop to 4 to 6 percent over the medium term. /IANS




Related

Common Service Centre to open 500 theatres in rural areas by Mar 2023
New Delhi, Dec 5 : The Common Service Centre (CSC), a special purpose vehicle under the Electronics and IT Ministry, on Monday announced that it woul

Violence-hit Kallakurichi schools in TN reopens
Chennai, Dec 5 : The Sakthi Matriculation Higher Secondary School and the Sakthi ECR international school at Kallakurichi reopened for physical classe

Guj assembly polls: 50% voter turnout till 3 p.m.
Gandhinagar, Dec 5 : The second phase of Gujarat Assembly elections for which polling was underway on Monday witnessed a voter turnout of 50.51 per ce