The Central Bank yesterday said it has decided to withdraw the directive issued to impose maximum interest rates on rupee deposits in April, following the lending rate caps ordered on banks from next month.
The bank said the Monetary Board has decided to withdraw the Monetary Law Act Order No.01 of 2019, issued on April 26, 2019, imposing maximum interest rates on Sri Lanka rupee deposits, with effect from September 24, 2019.
The Central Bank on Tuesday ordered banks to cut lending rates at least by 2 percent, by October 15, while capping credit card interest rates at 28 percent.
Add commentComments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Sri Lanka boasts of a 2500 year old Buddhist culture. This culture also inclu
Abortion is illegal in Sri Lanka unless the life of the mother is at risk. Re
Recently, the “Country Strategic Plan (CSP) for Sri Lanka” was approved b
6 hours ago - 0 - 17
6 hours ago - 0 - 20
31 May 2023 - 0 - 114
31 May 2023 - 0 - 102
Name - Reply Comment