The Monetary Board of Sri Lanka's Central Bank has decided to relax monetary policies and reduce policy interest rates to revive the economic activity while the inflation remains low at mid-single digit levels, the Central Bank said in its monetary policy review on Friday.The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 22 August 2019, has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 50 basis points to 7.00 percent and 8.00 percent, respectively. Statutory Reserve Ratio (SRR) remains unchanged at 5.00 percent.
