Regulatory Alerts2019-04-26 | Circular LetterReference Rates for Maximum Interest Rates on Sri Lanka Rupee Deposits (Quarter Ending 30 June 2019)
The Central Bank of Sri Lanka has established updated reference rates to calculate maximum interest caps on Sri Lanka Rupee deposits for licensed banks. Citing the Monetary Law Act Order No. 01 of 2019, the directive sets the Standard Deposit Facility Rate at 8.00 percent and the simple average yield of recent 364-day Treasury Bill auctions at 10.54 percent. These benchmarks govern deposit pricing for the quarter ending 30 June 2019 and apply to all licensed banks.
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