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Data: Central Bank of Sri Lanka and LankaPropertyWeb. Between the first quarters of 2019 to 2021, fixed deposit rates have reduced from 11.41% to 6.29%. While the land price acceleration in the Western Province slowed down from 22% in 2019 to 18.56% in 2021.

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The Monetary Board of the Central Bank of Sri Lanka (CBSL), at its meeting held today (16), decided to reduce the Statutory Reserve Ratio (SRR) applicable on all rupee deposit liabilities of licensed commercial banks (LCBs) by 200 basis points to 2.00 per cent, with effect from the reserve maintenance period that commenced on 16 June 2020.

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The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 18 August 2021, decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points each, to 5.00 per cent and 6.00 per cent, respectively. In addition, the Monetary Board decided to increase ...

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