Interest Rate in Sri Lanka

Sri Lanka Interest Rate | Economic News & Forecasts

Sri Lanka - Interest Rate

The ongoing political crisis that erupted in October continues to disrupt the economy. While the rupee keeps sliding to record lows against the dollar, on 4 December S&P and Fitch downgraded Sri Lanka’s sovereign credit rating, echoing Moody’s 20 November decision, due to its high external debt, nosediving investor confidence and tumbling currency. Meanwhile, multiple international lenders such as the IMF and the U.S. have halted their aid and investment programs into the country, and travel advisories are dampening tourist bookings, boding poorly for the country’s incoming high season. On 13 December, the Supreme Court ruled that the November dissolution of parliament was illegal, paving the way for the reinstatement of Ranil Wickremesinghe as Prime Minister.

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

ValueChangeDate
Exchange Rate182.30.02 %Jan 14

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