Section

Sri Lanka reduces policy rates by 50 bps to boost growth

By Inquirer - 8 months ago
COLOMBO —  Sri Lanka’s central bank lowered interest rates by 50 basis points in an unexpected move on Tuesday as it focused on boosting growth prospects to steer the island nation out of its worst financial crisis in decades. The Central Bank of Sri Lanka (CBSL) reduced the Standing Deposit Facility Rate to 8.5 percent

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.