Regulatory Alerts2023-01-02 | Circular No. 1 of 2023Central Bank of Sri Lanka Circular No. 01 of 2023: Bank Rate Adjustment
The Central Bank of Sri Lanka issued Circular No. 01 of 2023 to adjust the Bank Rate effective from the close of business on 02 January 2023. The new rate is calculated by adding a margin of 300 basis points to the latest Average Weighted New Deposit Rate, rounded to the nearest half percentage point. This directive rescinds Circular No. 01 of 2022 and applies to all Licensed Commercial Banks.
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