Regulatory Alerts2014-09-23 | 35-01-005-0006-34Operating Instructions on Open Market Operations of the Central Bank of Sri Lanka
The Monetary Board of the Central Bank of Sri Lanka has amended the Operating Instructions on Open Market Operations to address the frequent use of the Standing Deposit Facility by commercial banks. The regulation limits Participating Institutions to three monthly accesses to the SDF at the prevailing rate, requiring any additional deposits to be accepted at a fixed rate of 5 percent per annum. These changes took effect on 23 September 2014 and remain in force until further notice.
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