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.

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Sri Lanka Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.50 4.50 10.50 4.50 2003 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-12-27 02:00 AM 7% 7% 7%
2020-04-03 02:00 PM 6% 6.25%
2020-07-09 02:00 AM 4.5% 5.5%
2021-01-19 02:15 AM 4.5% 4.5% 4.5%
2021-04-08 02:00 AM 4.5% 4.5%
2021-05-20 02:00 AM
2021-07-08 02:00 AM
2021-08-19 02:00 AM


News Stream
Sri Lanka Holds Key Rates Steady at 4.5%
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%.
2021-03-04
Sri Lanka Holds Interest Rate Unchanged for 3rd Month
The Central Bank of Sri Lanka kept its benchmark interest rate unchanged at 4.5% at its January meeting, but stressed the need for a continued downward adjustment in lending rates to boost economic growth in the absence of demand driven inflationary pressures, particularly considering the significant levels of excess liquidity prevailing in the domestic money market. The policy makers said that they will continued to monitor domestic and global macroeconomic and financial market developments and take further measures appropriately to ensure that the economy promptly reverts to its true potential of a high growth trajectory, while maintaining inflation in the targeted 4-6% range. For 2020, the Bank projected economic contraction on record by around 3.9%, and the recovery forecast for next year. The Standing Lending Facility Rate was also held at 5.5%.
2021-01-19
Sri Lanka Keeps Key Interest Rate at 4.5%
The Central Bank of Sri Lanka held its benchmark interest rate unchanged at 4.5 percent at its November meeting, but stressed the need for a continued downward adjustment in lending rates to boost economic growth in the absence of demand driven inflationary pressures, particularly considering the significant levels of excess liquidity prevailing in the domestic money market. The Bank has cut interest rates by a total 350 basis points since May last year, when the deadly Easter bomb attacks triggered a slump in investment and tourism which was followed by the coronavirus pandemic in early 2020. The central bank said that accommodative monetary policy stance would continue and that it will introduce maximum interest rates on mortgage backed housing loans for salaried workers and set lending targets for select sectors in the near future.The Standing Lending Facility Rate (SLFR) was also kept at 5.5 percent.
2020-11-26
Sri Lanka Holds Interest Rates Unchanged at 4.5%
The Central Bank of Sri Lanka kept its benchmark interest rate unchanged at 4.5 percent at its October meeting, saying the economic recovery is expected to pick-up speed despite the latest increase in coronavirus cases. The policymakers said it will maintain its accommodative policy settings for now. The Bank will continue to monitor domestic and global macroeconomic and financial market developments and take further measures appropriately to ensure that the economy promptly reverts to a sustained high real GDP growth path, while maintaining inflation in the 4-6 percent range under its flexible inflation targeting framework. The Bank has cut interest rates by a total 350 basis points since May last year, when the deadly Easter bomb attacks triggered a slump in investment and tourism which was followed by the coronavirus pandemic in early 2020. The Standing Lending Facility Rate (SLFR) was also held at 5.5 percent.
2020-10-22

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.