The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate (SDFR) at 8.25% and the Standing Lending Facility Rate (SLFR) at 9.25%.
This decision, made during the Board’s meeting on 26 September 2024, follows a thorough assessment of recent and anticipated macroeconomic developments, as well as potential risks and uncertainties both domestically and globally. The aim is to ensure that inflation aligns with the medium-term target of 5%, while fostering the country’s economic growth potential.
The Board also noted that inflation is expected to remain well below the 5% target in the coming quarters, with deflation possible in the near term, driven by adjustments in administratively controlled prices and improved supply conditions.
