CBSL keeps the Overnight Policy Rate (OPR) unchanged

The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy 

Rate (OPR) at the current level of 7.75%. The Board arrived at this decision after carefully considering 
evolving developments and the outlook on both domestic and global fronts. 

The CBSL said the Board is of the view that the current monetary policy stance will support steering inflation towards the target of 5%.

Headline inflation based on the Colombo Consumer Price Index (CCPI) continued to accelerate in 
October for the third consecutive month. Inflation is expected to rise more gradually than projected 
earlier and move towards the target by H2-2026. Core inflation is also expected to accelerate at a modest 
pace, as demand in the economy gradually strengthens. Medium-term inflation expectations remain 
well anchored around the inflation target.