Sri Lanka's central bank left its benchmark interest rate unchanged at 7 percent at its December meeting, saying the decision is consistent with the aim of maintaining inflation in the desired 4-6 percent range while supporting economic growth to reach its potential over the medium term. Meantime, domestic economic growth is expected to remain subdued in 2019, and a gradual recovery is expected over the medium term. Policymakers noted that inflation is expected to soften further in the period ahead, mainly due to the impact of the downward tax revisions and the reduction in selected administratively determined prices. The Standing Lending Facility Rate (SLFR) was also kept at 8 percent.
Interest Rate in Sri Lanka averaged 7.80 percent from 2003 until 2019, reaching an all time high of 10.50 percent in February of 2007 and a record low of 6 percent in April of 2015. This page provides - Sri Lanka Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of Sri Lanka
Interest Rate in Sri Lanka is expected to be 7.00 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 6.50 in 12 months time. In the long-term, the Sri Lanka Interest Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.