Sri Lankan central bank holds rates despite rising inflation

Central Bank of Sri Lanka
Photo: Amithasundar/Wikimedia Commons

Sri Lanka’s monetary policy board held rates at its meeting on November 24, despite a rise in the official inflation figures.

The board kept the standing deposit facility rate at 5% and the standing lending facility rate at 6%. The central bank issued a short statement, lacking in detail, saying the board had “noted the recent acceleration of inflation, driven mainly by supply disruptions and the surge in global commodity prices”.

It said the board “reiterated its commitment to maintaining

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.