The Central Bank of Sri Lanka Significantly Tightens its Monetary Policy Stance to Stabilise the Economy

The Central Bank of Sri Lanka Significantly Tightens its Monetary Policy Stance to Stabilise the Economy

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 08 April 2022, decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 700 basis points to 13.50 per cent and 14.50 per cent, respectively, effective from the close of business on 08 April 2022.