The Central Bank of Sri Lanka lowered its benchmark interest rate by 50 bps to 7 percent during its August meeting. Policymakers said that the decision aims to continue supporting economic activity in the context of low inflation. The Committee added that domestic economic growth is expected to recover gradually towards its potential in the medium term, still domestic and global headwinds are likely to delay the recovery. Policymakers noted that the annual inflation rate fell to 3.3 percent in July from 3.8 percent in June, partly driven by subdued food prices and it is projected to remain around the lower bound of the target range (4-6 percent) during the rest of 2019. The central bank also slashed the standing lending facility rate (SLFR) by 50 basis points to 8 percent. Interest Rate in Sri Lanka averaged 7.82 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.

Interest Rate in Sri Lanka is expected to be 7.50 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 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.

Sri Lanka Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-08 11:00 AM Interest Rate Decision 8% 8% 8%
2019-05-31 02:00 AM Interest Rate Decision 7.5% 8% 8%
2019-07-11 11:00 AM Interest Rate Decision 7.5% 7.5% 7%
2019-08-23 02:00 AM Interest Rate Decision 7% 7.5% 7.5%
2019-10-11 02:00 AM Interest Rate Decision 7% 7%
2019-11-15 02:00 AM Interest Rate Decision 7%
2019-12-27 02:00 AM Interest Rate Decision 7%


Sri Lanka Money Last Previous Highest Lowest Unit
Interest Rate 7.00 7.50 10.50 6.00 percent [+]
Interbank Rate 8.47 8.47 27.58 0.13 percent [+]
Money Supply M0 687638.00 636023.00 687638.00 602.00 LKR Million [+]
Money Supply M1 803325.00 802208.00 853568.00 6091.00 LKR Million [+]
Money Supply M2 6661231.00 6621380.00 6661231.00 11297.00 LKR Million [+]
Foreign Exchange Reserves 1565035.00 1185950.00 1566323.60 437.10 LKR Million [+]
Banks Balance Sheet 9187270.70 9131120.00 9187270.70 335513.60 LKR Million [+]
Deposit Interest Rate 7.00 7.50 20.00 6.00 percent [+]
Cash Reserve Ratio 5.00 5.00 11.00 5.00 percent [+]
Central Bank Balance Sheet 2031981.00 1773714.00 2063160.80 297382.00 LKR Million [+]
Lending Rate 8.00 8.00 23.00 7.50 percent [+]


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. This page provides - Sri Lanka Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Sri Lanka Interest Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.50 10.50 6.00 2003 - 2019 percent Daily




Country Last Previous
Argentina 85.99 Sep/19
Turkey 16.50 Sep/19
Mexico 8.00 Aug/19
Russia 7.00 Sep/19
South Africa 6.50 Aug/19
Brazil 6.00 Aug/19
Indonesia 5.50 Aug/19
India 5.40 Aug/19
China 4.25 Sep/19
Saudi Arabia 2.75 Aug/19
United States 2.25 Aug/19
Canada 1.75 Sep/19
Singapore 1.74 Aug/19
South Korea 1.50 Aug/19
Australia 1.00 Sep/19
United Kingdom 0.75 Aug/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Aug/19
Switzerland -0.75 Aug/19


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