Interest Rate in Sri Lanka

Sri Lanka Interest Rate | Economic News & Forecasts

Sri Lanka - Interest Rate

Economic growth in the third quarter looks to have picked up somewhat after the Easter bombings devastated the economy in the second quarter. The trade deficit narrowed in August on resilient export levels, while PMI readings for Q3 showed a marked improvement for both manufacturing and services over the prior quarter. Moreover, recent Central Bank policy easing should have aided domestic demand somewhat. Tourist numbers, however, continued to drop considerably following April’s terrorist attacks; in September, there were over 25% fewer visitors compared with a year ago. In other news, the IMF recently completed the sixth review of its support program for Sri Lanka, paving the way for the disbursement of around USD 164 million. In mid-November, the country will elect a new president, creating heightened short-term economic uncertainty.

Sri Lanka - Interest Rate Data

2013  2014  2015  2016  2017  
Policy Interest Rate (%)8.50  8.50  7.50  8.50  8.75  

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Sri Lanka Interest Rate Chart

Sri Lanka Interest Rate
Note: Standing Deposit Facility Rate in % (eop).
Source: Central Bank of Sri Lanka (CBS)

Sri Lanka Facts

Exchange Rate179.70.02 %Nov 21

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