The Central Bank of Sri Lanka lowered the standing deposit facility rate and the standing lending facility rate to 10% and 11%, respectively. — Reuters
COLOMBO: Sri Lanka’s central bank has reduced key policy rates by 100 basis points, as expected, doubling down on efforts to spur growth and finalise the first review of a US$2.9bil bailout package from the International Monetary Fund (IMF).
The Central Bank of Sri Lanka (CBSL) lowered the standing deposit facility rate and the standing lending facility rate to 10% and 11%, respectively, it said in a statement, to put the crisis-hit economy on a firmer growth footing.
