Central Bank stays the course with monetary policy
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Sri Lanka, April 9 -- The Central Bank continued its accommodative monetary policy stance and accordingly Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 4.50 per cent and 5.50 per cent, respectively.
There have now been monetary easing for a period exceeding 2 years. Central Bank Governor Prof W D Lakshman said, "The declining trend in market lending rates must be continued."
"The dynamics of the global economy must also be considered in making these decisions." Lakshman was speaking on 8 April at the Central Bank Head Office.
In reference to the economic fallout of COVID-19, the governor said, "(It) justified the most severe of policy reactions." He no...
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