Key data points
Last release
—
Observation period
Nov 27, 2024
Next release
—
Forecast
—
Highest
15.50 % on May 31, 2023
Lowest
4.50 % on Jul 8, 2021
About Sri Lanka interest rate
In Sri Lanka, interest rates decisions are taken by The Central Bank of Sri Lanka. The official interest rates are the Standing Deposit Facility (SDF) Rate and the Standing Lending Facility (SDFR) Rate.
Related indicators
Frequently Asked Questions
Sri Lanka interest rate is 8% at the moment.
Last month Sri Lanka interest rate was 8%, and the month before that it amounted to 8.25%.
Interest rate is the proportion of a loan that is charged as interest to the borrower, typically an annual percentage of the loan outstanding. When it comes to the national level, interest rate is a rate at which banks borrow money from a country's central bank.
Yes, negative interest rate can be used by the government as a monetary policy tool to stimulate economy growth.
Growing or falling interest rate can influence the country's economy, stimulate it or lower the inflation level. Even people can feel the effect of interest rate's movements — for example, if interest rate increases, loans get more expensive.