The Central Bank of Sri Lanka Reduces the Bank Rate by 5%

COLOMBO (News 1st): The Central bank on Thursday said in-line with the policy rate cut it reduced the Bank Rate, the rate commercial banks borrow from Central bank in emergency funding, by 500 basis points from 15.00 percent to 10.00 percent with effect from 16 April 2020. The central bank in a statement said that […]

The Central Bank of Sri Lanka Reduces the Bank Rate by 5%