The Monetary Policy Board of the Central Bank of Sri Lanka decided to maintain the Standing Deposit Facility Rate (SDFR) at 8.25% and the Standing Lending Facility Rate (SLFR) at 9.25%, following its meeting on September 26, 2024.
Key Points:
- The decision was influenced by recent macroeconomic developments and expected risks to ensure inflation aligns with the 5% target over the medium term.
- The Board noted that inflation is expected to stay well below 5% in the coming quarters, with the potential for deflation due to easing supply conditions and changes in administratively determined prices.
This stable policy stance aims to support economic recovery while controlling inflation, creating a conducive environment for sustainable growth.
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Central Bank of Sri Lanka (CBSL)
Last modified: September 27, 2024
