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Lanka Keeps Interest Rates Low

Lanka Keeps Interest Rates LowLanka Keeps Interest Rates Low

Sri Lanka’s central bank held key interest rates at record lows on Friday, and said continued private credit growth will support the economy even as analysts warned that policy could be tightened later this year to take pressure off a beleaguered rupee currency, Reuters reported. Sri Lanka’s central bank said continued private credit growth will support the economy. The central bank, which surprised markets with a 50 basis point cut in April after holding rates steady for 14 months, left the standing deposit facility rate (SDFR) and the standing lending facility rate (SLFR) unchanged at 6% and 7.50%, respectively.

 

Financialtribune.com