Published 1 month ago

Sri Lanka unexpectedly cuts policy rates by 50 bps to spur growth

Summary by Ground News

The Central Bank of Sri Lanka (CBSL) reduced the Standing Deposit Facility Rate to 8.50 per cent. 11 out of 16 economists and analysts polled by Reuters had expected rates to remain unchanged. The decision to lower rates would help maintain inflation at the targeted level of 5 per cent over the medium term.

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Channel News Asia

Sri Lanka unexpectedly cuts policy rates by 50 bps to spur growth

COLOMBO :Sri Lanka's central bank lowered interest rates by 50 basis points in an unexpected move on Tuesday as policymakers prioritised boosting growth and steering the economy out of its worst financial crisis in decades.The Central Bank of Sri Lanka (CBSL) reduced the Standing Deposit Facility Rate to 8.50

1 month ago·Singapore

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Moneycontrol

Sri Lanka unexpectedly cuts policy rates by 50 bps to spur growth

The Central Bank of Sri Lanka (CBSL) reduced the Standing Deposit Facility Rate to 8.50% and the Standing Lending Facility Rate to 9.50%, catching markets by surprise as 11 out of 16 economists and analysts polled by Reuters had expected rates to remain unchanged.

1 month ago·India

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Inquirer

Sri Lanka reduces policy rates by 50 bps to boost growth

COLOMBO — Sri Lanka’s central bank lowered interest rates by 50 basis points in an unexpected move on Tuesday as it focused on boosting growth prospects to steer the island nation out of its worst financial crisis in decades. The Central Bank of Sri Lanka (CBSL) reduced the Standing Deposit Facility Rate to 8.5 percent

1 month ago·Manila, Philippines

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WTVB

Sri Lanka reduces policy rates by 50 bps to boost growth

By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank lowered interest rates by 50 basis points in an unexpected move on Tuesday as it focused on boosting growth prospects to steer the island nation out of its worst financial crisis in decades. The Central Bank of Sri Lanka (CBSL) reduced the Standing Deposit Facility Rate to 8.50% and the Standing Lending Facility Rate to 9.50%, it said in a statement. The central bank has now s…

1 month ago

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The Economic Times

Sri Lanka reduces policy rates by 50 bps to boost growth

The central bank has now slashed interest rates by a total 700 basis points since last year as Sri Lanka's economy began a painful recovery from its worst financial crisis since independence from the British in 1948.

1 month ago

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ITN News

Policy interest rates cut further - ITN News Local News

The Central Bank of Sri Lanka has set its policy to further reduce the interest rate. The decision was taken by the Monetary Policy Board of the Central Bank of Sri Lanka at yesterday's meeting. The Bank has taken this decision in order to assess the international economy in order to achieve the economy-related targets while maintaining the target level of stimulus of five per cent. Accordingly, the Policy Board has decided to reduce the regular…

1 month ago·Sri Lanka

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Sri Lanka unexpectedly cuts policy rates by 50 bps to spur growth

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Sri Lanka unexpectedly cuts policy rates by 50 bps to spur growth

Sri Lanka unexpectedly cuts policy rates by 50 bps to spur growth

Sri Lanka unexpectedly cuts policy rates by 50 bps to spur growth

Sri Lanka unexpectedly cuts policy rates by 50 bps to spur growth

Sri Lanka reduces policy rates by 50 bps to boost growth

Sri Lanka reduces policy rates by 50 bps to boost growth

Sri Lanka reduces policy rates by 50 bps to boost growth

Sri Lanka reduces policy rates by 50 bps to boost growth

Sri Lanka reduces policy rates by 50 bps to boost growth

Sri Lanka reduces policy rates by 50 bps to boost growth

Policy interest rates cut further - ITN News Local News

Policy interest rates cut further - ITN News Local News

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