COLOMBO, Jan 2 (NNN-XINHUA) – Steps will be taken this year, to reduce key interest rates in Sri Lanka, said Governor of Central Bank of Sri Lanka (CBSL), Nandalal Weerasinghe, yesterday.
Weerasinghe told media that, inflation is also expected to fall in 2023.
He said, Sri Lanka’s inflation rate eased to 57.2 percent in Dec, from 61 percent in Nov, noting that, this reflected that, the policies they have taken from Apr, 2022, were successful.
High interest rates have kept inflation down but the rates will be reduced as the economy stabilises, he said.
Sri Lanka’s central bank in Nov, 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) at the levels of 14.50 percent and 15.50 percent, respectively.– NNN-XINHUA
