Regulatory Alerts2019-06-28 | Circular LetterReference Rates for Maximum Interest on Sri Lanka Rupee Deposits (Quarter Commencing 01 July 2019)
The Central Bank of Sri Lanka has established reference rates to calculate maximum interest payable on Sri Lanka Rupee deposits by licensed banks for the quarter commencing 1 July 2019. Under the Monetary Law Act Order No. 01 of 2019, the Standard Deposit Facility Rate is set at 7.50 percent and the simple average of recent 364-day Treasury Bill yields stands at 8.83 percent. Licensed banks must apply these benchmark figures to determine their applicable maximum interest rates for the specified period.
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