Interest Rate in Sri Lanka
Sri Lanka - Interest Rate
The economy gained significant steam in Q2, as private consumption and fixed investment closed in on pre-pandemic levels. Meanwhile, Q3 seemingly got off to a positive start as looser Covid-19 restrictions in early July boosted momentum, with both PMIs performing well in the month. Moreover, activity appeared to be fairly resilient to the lockdown imposed in late August, as although both PMIs briefly fell into contractionary territory in that month, they averaged higher in Q3 relative to the previous quarter. Moving on to Q4, reduced Covid-19 cases led to the lifting of the lockdown in early October, which should support the economy ahead. In other news, on 11 October the Central Bank scrapped a plan to buy back USD 1.5 billion worth of sovereign bonds due to mature next year—a move that suggests investors expect a restructuring of debt as the country struggles with its fragile external position.Sri Lanka - Interest Rate Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Policy Interest Rate (%) | 7.50 | 8.50 | 8.75 | 9.00 | 8.00 |
Sri Lanka Interest Rate Chart
Source: Central Bank of Sri Lanka (CBS)
Sri Lanka Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 181.2 | 0.02 % | Jan 01 |
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