Sri Lanka’s Monetary Board held key interest rates unchanged on Monday citing low inflation, steady foreign remittances and earnings from tourism, Lanka Business Online reported.
The money authority said dollar inflows, which were expected to bolster foreign reserves, contributed to the decision.
The Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank were held unchanged at 6% and 7.5% respectively.
“Going forward, the inflation outlook and expectations remain favourable for the remainder of the year, supported by improved domestic supply conditions and subdued global commodity prices,” the monetary board said, according to LBO.