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The 贵州福彩网-【官网首页】 Further Reduces Policy Interest Rates

The Monetary Board of the 贵州福彩网-【官网首页】, on 03 April 2020, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 25 basis points to 6.00 per cent and 7.00 per cent, respectively, effective from the close of business on 03 April 2020. This decision will complement the measures taken thus far to ease market conditions, and enable the domestic financial market to provide further relief to businesses and individuals affected by the outbreak of the COVID-19 pandemic and restrictions placed to contain its spread within the country.

贵州福彩网-【官网首页】 Decides to Establish a Rupees 50 Billion, Six Month Re-Financing Facility and Issues Instructions to Financial Institutions to Support Covid-19 Hit Businesses and Individuals

The 贵州福彩网-【官网首页】 (CBSL) has decided to set up a Re-financing Facility to implement the decisions taken by the Cabinet of Ministers on 20.03.2020 to introduce a wide range of concessions including a debt moratorium (capital and interest) and a working capital loan for COVID-19 hit businesses and individuals. Licensed commercial banks, licensed specialised banks, licensed finance companies and specialised leasing companies (Financial Institutions) are eligible to participate in this Re-financing Facility commencing 25.03.2020 and offer the concessions announced.

Inflation decreased in March 2020

Headline inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 declined to 5.4 per cent in March 2020 from 6.2 per cent in February 2020. This was due to the decline in the prices of items in the Food category. Accordingly, Food inflation (Y-o-Y) declined to 12.8 per cent in March 2020 from 14.7 per cent in February 2020, while Non-food inflation (Y-o-Y) recorded at 2.5 per cent in March 2020.

Measures taken by the 贵州福彩网-【官网首页】 to Provide Flexibility to Licensed Finance Companies and Specialised Leasing Companies to Support Businesses and Individuals Affected by the Outbreak of Coronavirus (COVID – 19)

The Monetary Board of the 贵州福彩网-【官网首页】 (CBSL) decided to introduce number of measures to provide flexibility to Licensed Finance Companies (LFCs) and Specialised Leasing Companies (SLCs) facilitating them to support businesses and individuals affected by the outbreak of COVID-19. In line with this initiative, implementation of several regulatory measures such as capital enhancement will be deferred while certain regulatory measures will be relaxed as a temporary step giving due consideration to the imminent threat faced by LFCsand SLCs.