Sri Lanka Keeps Interest Rates Unchanged as Economy Rebounds
- Headline inflation expected to stabilize around 5% target
- Central bank sees room for market lending rates to ease
Central Bank of Sri Lanka headquarters in Colombo.
Photographer: Thilina Kaluthotage/BloombergThis article is for subscribers only.
Sri Lanka’s central bank kept its benchmark rate unchanged for the first time in five months as the economy gradually rebounds and inflation starts to pick up.
The Central Bank of Sri Lanka left the standing lending facility rate at 10%, in line with most of the forecasts from economists surveyed by Bloomberg. The bank lowered the rate four times by a total of 650 basis points in 2023. The deposit rate was also held at 9%.