March 26, 2024 12:51 PM
Sri Lanka’s Central Bank Slashes Policy Interest Rates By 50 Bps To Stimulate Growth
To stimulate growth amid its worst financial crisis in decades, Sri Lanka's central bank slashed interest rates by 50 basis points today. The Central Bank of Sri Lanka (CBSL) reduced the Standing Deposit Facility Rate to 8.50 per cent and the Standing Lending Facility Rate to 9.50 per cent, catching...