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. 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 January 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 4.50 percent in 2021, 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 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-11-29 02:00 AM 7% 7% 7%
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%


News Stream
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 Cuts Key Rate by 100 Bps to Fresh Record Low of 4.5%
The Central Bank of Sri Lanka lowered its benchmark standing deposit facility rate by 100 bps to a new record low of 4.5 percent at its July meeting, aiming to boost the economy hit by the COVID-19 crisis and as inflation pressures remain subdued. The standing lending facility rate was also cut by 100 bps to 5.5 percent.
2020-07-09
Sri Lanka Cuts Interest Rates by 50bps
The Central Bank of Sri Lanka slashed its benchmark standing deposit facility rate by 50bps to 5.5 percent during an emergency meeting in early May, to support the economy to weather the adverse economic impact caused by the COVID-19 pandemic, given subdued inflationary pressures. The standing lending facility rate was also lowered by 50bps to 6.5 percent.
2020-05-08

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.