Friday, 15 February 2019
Breaking News

Sri Lanka central bank suprises, keeps key rates steady

Reuters

COLOMBO: Sri Lanka’s central bank surprised the market on Tuesday by leaving its key policy rates unchanged, despite heavy pressure on the rupee currency and foreign outflows from government securities.

The central bank kept the standing lending facility rate (SLFR) at 8.50 percent and standing deposit facility rate (SDFR) at 7.25 percent.

The market had expected rate hikes for both.

Sri Lanka’s key rates have been unchanged since April, when there was a surprise cut.

Check Also

US-China trade talks set to open in Beijing

BEIJING: US and Chinese negotiators are set to kick off two days of official trade ...

Leave a Reply