Regulatory Alerts2022-11-03 | Circular No. 1 of 2022Central Bank's Rate of Interest on Advances (Bank Rate)
The Central Bank of Sri Lanka issued Circular No. 01 of 2022 to inform Licensed Commercial Banks of an adjustment to the Bank Rate effective 03 November 2022. The new rate is calculated as the Average Weighted New Deposit Rate plus a margin of 700 basis points. This administratively determined rate serves as the benchmark for extraordinary loans granted by the Central Bank during emergency periods.
[Logo of Central Bank of Sri Lanka]
ශ්රී ලංකා මහ බැංකුව இலங்கை மத்திய வங்கி CENTRAL BANK OF SRI LANKA
දේශීය මෙහෙයුම් කටයුතු දෙපාර්තමේන්තුව உள்நாட்டு தொழிற்பாடுகள் திணைக்களம் Domestic Operations Department
Circular No. 01 of 2022
03 November 2022
To: All Licensed Commercial Banks
Central Bank’s Rate of Interest on Advances (Bank Rate)
Licensed Commercial Banks (LCBs) are hereby informed that with effect from 03 November 2022, the Bank Rate, which is an administratively determined rate that could be used in periods of emergency for the Central Bank to grant extraordinary loans or advances to LCBs will commensurately be adjusted in line with the latest available Average Weighted New Deposit Rate (AWNDR) published by the Central Bank of Sri Lanka with a margin of +700 basis points.
[Signature]
Dr. R A Anil Perera Director/Domestic Operations
7 වන මහල, 2 වන කුළුණ | தளம் 7, கோபுரம் 2 | Level 7, Tower 2 අංක 30, ජනාධිපති මාවත | இல. 30, சனாதிபதி மாவத்தை | No. 30, Janadhipathi Mawata තැ.පෙ. 590, කොළඹ 01, ශ්රී ලංකාව | த.பெ 590, கொழும்பு 01, இலங்கை | P.O. Box 590, Colombo 01, Sri Lanka 📞 +94 112 477036 | 📠 +94 112 346287 | 📧 ddod@cbsl.lk | 🌐 www.cbsl.gov.lk