Sri Lanka central bank further reduces interest rates

COLOMBO, Nov. 24 (Xinhua) -- The Central Bank of Sri Lanka has decided to reduce its Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 100 basis points to 9.00 percent and 10.00 percent, respectively, it said in a statement on Friday.

The central bank said its monetary policy board arrived at this decision following a careful analysis of the current and expected developments