News

Central Bank retains interest rate levels

12 July 2019 - 161   - 0

The Monetary Board of the Central Bank (CB), at its meeting on Thursday, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 7.50 per cent and 8.50 per cent, respectively. 

These rates set the trend for interest rates in the banking sector.

“The Board arrived at this decision following a careful analysis of current and expected developments in the domestic economy and the financial market as well as the global economy. The decision of the Monetary Board is consistent with the aim of maintaining inflation in the desired 4-6 per cent range while supporting economic growth to reach its potential over the medium term,” the CB said in an announcement.

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