The Monetary Board of Sri Lanka's Central Bank will impose appropriate caps on market lending rates of individual institutions or financial institutions, if the intended reduction in market lending rates is not realized within specific timelines.Sri Lanka’s Central Bank with the expectation of reducing all market lending rates in line with the reduction already observed in deposit interest rates, will announce specific timelines and measures in consultation with stakeholders, Central Bank Governor Dr. Indrajit Coomaraswamy said whilst addressing the media in Colombo