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March 26, 2025 2:12 PM

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Sri Lanka: Monetary Policy Board of Central Bank decides to maintain Overnight Policy Rate at 8 %

The Monetary Policy Board of Central Bank of Sri Lanka has decided to maintain the Overnight Policy Rate at 8.00 per cent, following its meeting yesterday.

 

The Central Bank said the decision was made after assessing both domestic and global economic conditions.  The Monetary Board has expressed confidence that the prevailing monetary policy stance will ensure that inflation moves toward the 5% target while supporting the growth of the domestic economy. Inflation has been in the negative territory for the last six months and recorded at -3.9% for February 2025.