Regulatory Alerts2024-04-10 | Gazette No. 2380/01Maximum Interest Rates on Rupee Denominated Lending Products
The Central Bank of Sri Lanka has immediately rescinded its August 2023 order governing maximum interest rates on rupee-denominated lending products. This regulatory update responds to recent monetary policy easing, granting licensed banks greater flexibility to lower their lending rates. The rescinded order previously capped interest rates across various loan categories, and its removal establishes a new pricing baseline for domestic credit.
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