The Central Bank of Sri Lanka kept its benchmark interest rates unchanged at 5.0% during its November 2021 meeting, saying the current policy rates are appropriate to support the country's economic recovery. Policymakers mentioned that 2021 real GDP growth was projected at around 5 %, buoyed by the removal of COVID-19 lockdown measures, the successful nationwide vaccine rollout, strong exports, and the revival of tourism. On prices, a further acceleration of headline inflation is possible in the immediate future, due to supply disruptions and a surge in commodity prices; but such movements are expected to be transitory. That said, the board reaffirmed that it stands ready to take measures as needed to maintain inflation in the desired range in the medium term. Sri Lanka’s annual inflation rose to a near 4-year high of 7.6% in October from 5.7% a month earlier. The central bank also left Standing Lending Facility Rate (SLFR) at 6% and the Statutory Reserve Ratio (SRR) at 4.0%. source: Central Bank of Sri Lanka

Interest Rate in Sri Lanka averaged 7.53 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 November of 2021.

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. In the long-term, the Sri Lanka Interest Rate is projected to trend around 5.50 percent in 2022, according to our econometric models.

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Sri Lanka Interest Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-19 02:00 AM 5.0% 4.5% 4.5%
2021-10-14 02:00 AM 5.0% 5.0% 5.5%
2021-11-25 02:00 AM 5.0% 5.0% 5.25% 5.5%


Related Last Previous Unit Reference
Interest Rate 5.00 5.00 percent Nov/21
Interbank Rate 6.96 6.96 percent Nov/21
Money Supply M1 1355196.00 1316960.00 LKR Million Aug/21
Money Supply M0 942804.10 950083.40 LKR Million Jul/21
Money Supply M2 9412401.00 9269581.00 LKR Million Aug/21
Foreign Exchange Reserves 3544.00 2806.00 USD Million Aug/21
Banks Balance Sheet 12923184.10 12722604.30 LKR Million Jul/21
Deposit Interest Rate 4.50 5.50 percent Jul/20
Lending Rate 6.00 6.00 percent Nov/21
Cash Reserve Ratio 4.00 4.00 percent Nov/21
Central Bank Balance Sheet 2324344.10 2281216.70 LKR Million Jul/21

News Stream
Sri Lanka Holds Key Rate at 5%, Says Inflation Transitory
The Central Bank of Sri Lanka kept its benchmark interest rates unchanged at 5.0% during its November 2021 meeting, saying the current policy rates are appropriate to support the country's economic recovery. Policymakers mentioned that 2021 real GDP growth was projected at around 5 %, buoyed by the removal of COVID-19 lockdown measures, the successful nationwide vaccine rollout, strong exports, and the revival of tourism. On prices, a further acceleration of headline inflation is possible in the immediate future, due to supply disruptions and a surge in commodity prices; but such movements are expected to be transitory. That said, the board reaffirmed that it stands ready to take measures as needed to maintain inflation in the desired range in the medium term. Sri Lanka’s annual inflation rose to a near 4-year high of 7.6% in October from 5.7% a month earlier. The central bank also left Standing Lending Facility Rate (SLFR) at 6% and the Statutory Reserve Ratio (SRR) at 4.0%.
2021-11-25
Sri Lanka Holds Rates
The Central Bank of Sri Lanka kept its benchmark interest rates unchanged at 5.0 percent during its October meeting after raising them by 50 basis points in August as policymakers sought to mitigate inflationary pressures in the country. While saying the current level of interest rates is appropriate to support the economic recovery, the board vowed it stands ready to take measures as needed to maintain inflation in the desired range in the medium term. The committee reiterated it will continue to monitor domestic and global financial markets as they continue to recover from the pandemic despite large disparities across countries. In Srilanka, the economy is expected to grow by 5% this year and expand at a high and sustained growth trajectory over the longer term, helped by progress in the COVID-19 vaccination drive and supportive policy measures. The central bank also left Standing Lending Facility Rate (SLFR) at 6% and the Statutory Reserve Ratio (SRR) at 4.0 percent.
2021-10-14
Sri Lanka Hikes Key Rate by 50 bps to 5%
The Central Bank of Sri Lanka raised its benchmark interest rate by 50 bps to 5.0 percent at its August meeting. It was the first rate hike since November 2018, with policymakers mentioning the aim of stabilizing inflation at mid-single digit levels in the medium term to support the sustained economic recovery towards achieving a GDP growth rate of over 5 percent in 2021. Policymakers said inflation is expected to hover around the upper bound of the desired 4-6 percent target range in the near term. The Standing Lending Facility Rate was also raised by 50 bps to 6.0 percent. At the same time, the Monetary Board decided to increase the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of licensed commercial banks (LCBs) by 2.0 percentage points to 4.0 percent, with effect from the reserve maintenance period commencing on September 1st, 2021.
2021-08-19

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.