The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 13 October 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 5.00 per cent and 6.00 per cent, respectively.
The Board arrived at this decision after carefully considering the macroeconomic conditions and expected developments on the domestic and global fronts. The Board reiterated its commitment to maintaining inflation at the targeted levels over the medium term with appropriate measures, while supporting the economy to reach its potential in the period ahead.
Policy rates are maintained at current levels
In consideration of the current and expected macroeconomic developments as highlighted above, the Monetary Board was of the view that the current level of policy interest rates is appropriate. The Central Bank will continue to monitor domestic and global macroeconomic and financial market developments and stand ready to take appropriate measures, as and when necessary, with the aim of maintaining inflation in the desired range under the flexible inflation targeting framework in the medium term, while supporting and sustaining the economic recovery.
Monetary Policy Decision: Policy rates and SRR unchanged
- Standing Deposit Facility Rate (SDFR) 5.00%
- Standing Lending Facility Rate (SLFR) 6.00%
- Bank Rate 9.00%
- Statutory Reserve Ratio (SRR) 4.00%
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