The Central Bank of Sri Lanka left its key interest rate unchanged at 4.5% at its April meeting, saying the need for low lending rates until the economy shows strong signs of sustained recovery, while ensuring that inflation remains within the target going forward. Policymakers said that they will continued to monitor domestic and global macroeconomic and financial market developments and stand ready to take proactive measures to help the economy to sustain the growth trajectory, while maintaining inflation in the targeted 4-6 percent range under the flexible inflation targeting the framework. The Standing Lending Facility Rate was also kept at 5.5%. source: Central Bank of Sri Lanka
Interest Rate in Sri Lanka averaged 7.61 percent from 2003 until 2021, 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 April 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 4.75 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.