{"id":124110,"date":"2022-04-08T15:16:35","date_gmt":"2022-04-08T22:16:35","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=124110"},"modified":"2022-04-08T15:16:35","modified_gmt":"2022-04-08T22:16:35","slug":"interest-rates-increased-monetary-policy-review-no-03-april-2022","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2022\/04\/08\/interest-rates-increased-monetary-policy-review-no-03-april-2022\/","title":{"rendered":"Interest rates INCREASED &#8211; Monetary Policy Review: No. 03 \u2013 April 2022"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Hiru News<\/em><\/span><\/h2>\n\n\n<p>Monetary Policy Review: No. 03 &amp;ndash; April 2022&lt;br \/>The Central Bank of Sri Lanka Significantly Tightens its Monetary Policy&amp;nbsp;Stance to Stabilise the Economy<\/p>\n\n\n\n<p>The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 08 April 2022, decided&amp;nbsp;to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate&amp;nbsp;(SLFR) of the Central Bank by 700 basis points to 13.50 per cent and 14.50 per cent, respectively,&amp;nbsp;effective from the close of business on 08 April 2022. The Board, having noted the inflationary&amp;nbsp;pressures that could further intensify in the period ahead, driven by the build-up of aggregate&amp;nbsp;demand, domestic supply disruptions, exchange rate depreciation and the elevated prices of&amp;nbsp;commodities globally, was of the view that a substantial policy response is imperative to arrest the&amp;nbsp;buildup of added demand driven inflationary pressures in the economy and preempt the escalation&amp;nbsp;of adverse inflationary expectations, to provide the required impetus to stabilise the exchange rate&amp;nbsp;and also to correct anomalies observed in the market interest rate structure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Hiru News Monetary Policy Review: No. 03 &amp;ndash; April 2022&lt;br \/>The Central Bank of Sri Lanka Significantly Tightens its Monetary Policy&amp;nbsp;Stance to Stabilise the Economy The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 08 April 2022, decided&amp;nbsp;to increase the Standing Deposit Facility Rate (SDFR) and the Standing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,6],"tags":[],"class_list":["post-124110","post","type-post","status-publish","format-standard","hentry","category-economy","category-politics"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/124110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=124110"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/124110\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=124110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=124110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=124110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}