The Central Bank of Sri Lanka left its benchmark interest rates at a record high of 14.5% during its November meeting, as widely expected, amid ongoing efforts from the central bank and government to tame surging inflation. The board said that the current accommodative monetary policy stance was appropriate to achieve the envisaged disinflation path in the period ahead and bring down inflation to the targeted level of 4-6% over the medium term while supporting the economy to reach its potential over the medium term. The annual inflation rate eased to 66% in October of 2022, from a record 69.8% in September, due to an economic and political crisis and a plunging currency. The board also kept the Standing Lending Facility Rate at 15.5%. source: Central Bank of Sri Lanka

Interest Rate in Sri Lanka averaged 7.72 percent from 2003 until 2022, reaching an all time high of 14.50 percent in July of 2022 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 December of 2022.

Interest Rate in Sri Lanka is expected to be 14.50 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 14.50 percent in 2023 and 5.50 percent in 2024, according to our econometric models.

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Sri Lanka Interest Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-18 02:00 AM 14.5% 14.5% 15.5%
2022-10-06 02:00 AM 14.5% 14.5% 14.5% 14.5%
2022-11-24 02:00 AM 14.5% 14.5% 14.5% 14.5%


Related Last Previous Unit Reference
Interest Rate 14.50 14.50 percent Nov 2022
Interbank Rate 6.96 6.96 percent Dec 2022
Money Supply M1 1528595.00 1534114.00 LKR Million Sep 2022
Money Supply M0 1079737.00 1124364.70 LKR Million Aug 2022
Money Supply M2 10351444.00 10285938.00 LKR Million Sep 2022
Foreign Exchange Reserves 1779.00 1717.00 USD Million Sep 2022
Banks Balance Sheet 15336214.70 15345093.00 LKR Million Aug 2022
Deposit Interest Rate 14.50 14.50 percent Nov 2022
Cash Reserve Ratio 4.00 4.00 percent Dec 2022
Lending Rate 15.50 15.50 percent Oct 2022
Central Bank Balance Sheet 4369028.80 4315562.00 LKR Million Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
14.50 14.50 14.50 4.50 2003 - 2022 percent Daily

News Stream
Sri Lanka Keeps Interest Rate at 14.5%
The Central Bank of Sri Lanka left its benchmark interest rates at a record high of 14.5% during its November meeting, as widely expected, amid ongoing efforts from the central bank and government to tame surging inflation. The board said that the current accommodative monetary policy stance was appropriate to achieve the envisaged disinflation path in the period ahead and bring down inflation to the targeted level of 4-6% over the medium term while supporting the economy to reach its potential over the medium term. The annual inflation rate eased to 66% in October of 2022, from a record 69.8% in September, due to an economic and political crisis and a plunging currency. The board also kept the Standing Lending Facility Rate at 15.5%.
2022-11-24
Sri Lanka Holds Interest Rate at 14.5%
The Central Bank of Sri Lanka kept its benchmark interest rates at a record high of 14.5% during its October meeting, amid ongoing efforts from the central bank and government to tame surging inflation, as widely expected. The board said that the monetary conditions remain sufficiently tight to achieve the envisaged disinflation path in the period ahead. The contractionary fiscal policies would complement the effects of tight monetary policy measures already in place, helping to mitigate any build-up of aggregate demand pressures, thereby bringing down inflation to the targeted level of 4-6% over the medium term. On the GDP outlook, the board said economic activity is expected to have contracted by 4.8% yoy in H1, and the GDP is estimated to contract in H2, impacted by tighter monetary and fiscal conditions, supply-chain constraints, amid shortages of foreign exchange in the domestic market. The board also left Standing Lending Facility Rate at 15.5%.
2022-10-06
Sri Lanka Keeps Interest Rate at Record High
The Central Bank of Sri Lanka held its benchmark interest rates at a record high of 14.5% during its August meeting, amid ongoing efforts from the central bank and government to curb soaring inflation. The board said that despite headline inflation being projected to remain elevated in the near term, the policy measures would help contain aggregate demand pressures, anchoring inflation expectations, along with the anticipated decline in global commodity prices and its passthrough to domestic prices in the period ahead. On the GDP outlook, the board said economic activity was set to record a larger than expected contraction in 2022. Following the GDP contraction in Q1, the economy is projected to have been severely affected by the shortages of power and energy, and political uncertainties in Q2, while such impact is expected to have continued through Q3 2022. The board also left Standing Lending Facility Rate at 15.5%.
2022-08-18