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.
Interest Rate in Sri Lanka averaged 7.71 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 October of 2020. source: Central Bank of Sri Lanka
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.