The Central Bank of Sri Lanka kept its key interest rate unchanged at 4.5% at its March meeting, citing the need for low lending rates until the economy shows strong signs of sustained recovery. Policymakers said they were aware of the recent slowdown in credit disbursements to the private sector and inadequate lending to productive sectors. The central bank also mentioned that the economy is expected to make a notable recovery this year, supported by policy stimulus and improving business sentiments. Both headline and core inflation remain low, reflecting the subdued aggregate demand conditions, in spite of volatile food prices. Policymakers said they will continue to monitor domestic and global macroeconomic and financial markets and take further proactive measures to support the economy. The Standing Lending Facility Rate was also held at 5.5%. source: Central Bank of Sri Lanka
Interest Rate in Sri Lanka averaged 7.69 percent from 2003 until 2020, 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 March of 2021.
Interest Rate in Sri Lanka is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Sri Lanka to stand at 4.50 in 12 months time. In the long-term, the Sri Lanka Interest Rate is projected to trend around 5.00 percent in 2022 and 5.50 percent in 2023, according to our econometric models.