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.

Interest Rate in Sri Lanka averaged 7.77 percent from 2003 until 2020, reaching an all time high of 10.50 percent in February of 2007 and a record low of 5.50 percent in May 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 June of 2020. source: Central Bank of Sri Lanka

Interest Rate in Sri Lanka is expected to be 5.00 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 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 and 5.00 percent in 2022, according to our econometric models.

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Sri Lanka Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.50 6.00 10.50 5.50 2003 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-10-11 02:00 AM 7% 7% 7%
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%


News Stream
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 Cuts Interest Rates in Emergency Move
The Central Bank of Sri Lanka slashed its standing deposit facility rate by 25bps to 6 percent at an emergency meeting on April 3rd, its second such reduction in three weeks, aiming to support the economy amid the coronavirus pandemic. "This decision will complement the measures taken thus far to ease market conditions, and enable the domestic financial market to provide further relief to businesses and individuals affected by the outbreak of the COVID-19 pandemic and restrictions placed to contain its spread within the country," the central bank said in its release. The standing lending facility rate was also cut by 25bps to 7 percent.
2020-04-03
Sri Lanka Cuts Key Interest Rates by 25 Bps to 6.25%
Sri Lanka's central bank slashed its benchmark interest rate by 25 bps to 6.25% at an emergency March meeting, in a bid to support economic activity following the rapid spread of the COVID-19 pandemic. The Central Bank also noted that is working closely with the government to ensure coordinated fiscal and monetary policy responses to mitigate the economic impact of the virus. The Standing Lending Facility Rate (SLFR) was also cut to 7.25%.
2020-03-16
Sri Lanka Holds Rates, Highlights Virus Risks
Sri Lanka's central bank held its key interest rate steady at 6.5% at its March meeting, saying the decision is consistent with the aim of keeping inflation between 4-6 % while supporting economic growth to reach its potential over the medium term. Policymakers highlighted the risks from the COVID-19 cases, adding that the exact impact on the economy would depend on the extent of its global spread, its persistence and policy responses of major economies and trading partners. The likely slowdown of the global economy and disruptions to the supply chain could affect Sri Lanka’s goods and service exports as well as related logistics, while the slowdown in global tourist movements will affect the country’s tourism, in addition to the direct impact of lower arrivals from China, the statement said. The spread of the virus to countries with a significant number of Sri Lankan migrant workers could affect remittance inflows. The Standing Lending Facility Rate (SLFR) was also kept to 7.5%.
2020-03-05

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.