Central 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.

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[Logo of Central Bank of Sri Lanka]

CENTRAL BANK OF SRI LANKA

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

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Amended 1 time · last 2023-01-02

2023-01-02CBSLCentral Bank of Sri Lanka Circular No. 01 of 2023: Bank Rate Adjustmentsupersedes

Central Bank's Rate of Interest on Advances (Bank Rate)

Lineage: Superseded

Timeline

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