Sri Lanka maintains policy rates


Sri Lanka's Central Bank releasing the monetary policy review for April 2016 yesterday said it has decided to maintain current policy interest rates as the Monetary Board was of the view that the current monetary policy stance is appropriate.

Accordingly, the Monetary Board has decided to maintain the Standing Deposit Facility Rate and the Standing Lending Facility Rate of the Central Bank unchanged at 6.50 percent and 8.00 percent, respectively while the Statutory Reserve Ratio remains at 7.50 percent.