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CBSL eases monetary policy
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CBSL eases monetary policy
The Monetary Policy Board yesterday announced its decision to reduce the Overnight Policy Rate (OPR) by 25 bps to 7.75%, thereby easing monetary policy further. The Standing Deposit Facility Rate (SDFR) and Standing Lending Facility Rate (SLFR), which are linked to the OPR with pre-determined margins of ± 50 bps, have been reduced to 7.25% and 8.25%, respectively. The Board, which met on Wednesday evening, arrived at this decision after careful
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