The Central Bank of Sri Lanka raised its benchmark interest rate by 50 bps to 5.0 percent at its August meeting. It was the first rate hike since November 2018, with policymakers mentioning the aim of stabilizing inflation at mid-single digit levels in the medium term to support the sustained economic recovery towards achieving a GDP growth rate of over 5 percent in 2021. Policymakers said inflation is expected to hover around the upper bound of the desired 4-6 percent target range in the near term. The Standing Lending Facility Rate was also raised by 50 bps to 6.0 percent. At the same time, the Monetary Board decided to increase the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of licensed commercial banks (LCBs) by 2.0 percentage points to 4.0 percent, with effect from the reserve maintenance period commencing on September 1st, 2021. source: Central Bank of Sri Lanka

Interest Rate in Sri Lanka averaged 7.57 percent from 2003 until 2021, reaching an all time high of 10.50 percent in February of 2007 and a record low of 4.50 percent in July of 2020. This page provides - Sri Lanka Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.

Interest Rate in Sri Lanka is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sri Lanka Interest Rate is projected to trend around 5.50 percent in 2022, according to our econometric models.

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Sri Lanka Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-04-08 02:00 AM 4.5% 4.5% 4.5%
2021-05-20 02:00 AM 4.5% 4.5% 4.5%
2021-07-08 02:00 AM 4.5% 4.5% 4.5%
2021-08-19 02:00 AM 5.0% 4.5% 4.5%
2021-10-14 02:00 AM 5.0% 5.5%
2021-11-25 02:00 AM


News Stream
Sri Lanka Hikes Key Rate by 50 bps to 5%
The Central Bank of Sri Lanka raised its benchmark interest rate by 50 bps to 5.0 percent at its August meeting. It was the first rate hike since November 2018, with policymakers mentioning the aim of stabilizing inflation at mid-single digit levels in the medium term to support the sustained economic recovery towards achieving a GDP growth rate of over 5 percent in 2021. Policymakers said inflation is expected to hover around the upper bound of the desired 4-6 percent target range in the near term. The Standing Lending Facility Rate was also raised by 50 bps to 6.0 percent. At the same time, the Monetary Board decided to increase the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of licensed commercial banks (LCBs) by 2.0 percentage points to 4.0 percent, with effect from the reserve maintenance period commencing on September 1st, 2021.
2021-08-19
Sri Lanka Holds Key Rates Steady at 4.5%
The Central Bank of Sri Lanka held its key interest rate unchanged at 4.5 percent at its July meeting, amid economic recovery weakens due to the third wave of the COVID-19 pandemic. The current accommodative monetary policy stance was appropriate to support the sustained economic recovery towards achieving a GDP growth rate of around 5 percent in 2021. Policymakers said that they will continue to monitor domestic and global macroeconomic and financial market developments and stand ready to take appropriate measures, with the aim of maintaining inflation in the targeted 4-6 percent range. The Standing Lending Facility Rate was also left at 5.5 percent.
2021-07-08
Sri Lanka Keeps Interest Rate at 4.5%
The Central Bank of Sri Lanka held its key interest rate unchanged at 4.5% at its May meeting, saying the current accommodative monetary policy stance was appropriate to support the sustained revival of the economy while ensuring that inflation remains within the target going forward. Policymakers said that they will continued to monitor domestic and global macroeconomic and financial market developments and stand ready to take proactive measures to help the economy to sustain the growth trajectory, while maintaining inflation in the targeted 4-6 percent range. The Standing Lending Facility Rate was also kept at 5.5%.
2021-05-20
Sri Lanka Keeps Key Interest Rate at 4.5%
The Central Bank of Sri Lanka left its key interest rate unchanged at 4.5% at its April meeting, saying the need for low lending rates until the economy shows strong signs of sustained recovery, while ensuring that inflation remains within the target going forward. Policymakers said that they will continued to monitor domestic and global macroeconomic and financial market developments and stand ready to take proactive measures to help the economy to sustain the growth trajectory, while maintaining inflation in the targeted 4-6 percent range under the flexible inflation targeting the framework. The Standing Lending Facility Rate was also kept at 5.5%.
2021-04-08

Sri Lanka Interest Rate
In Sri Lanka, interest rates decisions are taken by The Central Bank of Sri Lanka. The official interest rates are the Standing Deposit Facility (SDF) Rate and the Standing Lending Facility (SDFR) Rate.

Sri Lanka Last Unit Reference Previous Highest Lowest
Interest Rate 5.00 percent Sep/21 5.00 10.50 4.50
Interbank Rate 6.96 percent Oct/21 6.96 27.58 0.13
Money Supply M1 1316960.00 LKR Million Jul/21 1293330.00 1316960.00 6091.00
Money Supply M0 942804.10 LKR Million Jul/21 950083.40 950083.40 602.00
Money Supply M2 9269581.00 LKR Million Jul/21 9136220.00 9269581.00 11297.00
Banks Balance Sheet 12923184.00 LKR Million Jul/21 12722604.27 12923184.00 335513.60
Foreign Exchange Reserves 2806.00 USD Million Jul/21 4060.00 9935.80 1272.10
Deposit Interest Rate 4.50 percent Jul/20 5.50 20.00 4.50
Cash Reserve Ratio 4.00 percent Oct/21 4.00 11.00 2.00
Lending Rate 6.00 percent Sep/21 6.00 23.00 5.50
Central Bank Balance Sheet 2324344.10 LKR Million Jul/21 2281216.70 2599304.00 297382.00