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.