The Central Bank of Sri Lanka (CBSL) is likely to hold policy rates steady in the upcoming monetary policy review meeting scheduled for next week, according to a pre-policy analysis report by First Capital Research (FCR).<\/p>\n\n\n\n
The report forecasted an\u00a080% probability\u00a0that policy rates will remain unchanged to strengthen key economic indicators. However, it predicted a 30% chance\u00a0that the Statutory Reserve Ratio (SRR) might increase by 100bps, while policy rates have a\u00a020% chance\u00a0of being reduced.<\/p>\n\n\n\n
As the CBSL is considering a shift towards a single policy interest rate mechanism to improve monetary policy transmission, FCR predicted a\u00a050% <\/strong>chance of cutting the Standing Lending Facility Rate (SLFR) to adopt this new stance.<\/p>\n\n\n\n The report acknowledged positive economic trends such as private sector credit growth, market liquidity, and GDP growth, and suggested these indicators point towards a solid economic foundation.<\/p>\n\n\n\n Meanwhile, Sri Lankan Rupee is expected to fluctuate within a range of LKR 295.0-305.0 in the first half of 2024, with a slight depreciation expected in the second half.\u00a0Inflation has been decelerating and is expected to pick up slightly due to seasonality<\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" The Central Bank of Sri Lanka (CBSL) is likely to hold policy rates steady in…<\/p>\n","protected":false},"author":2,"featured_media":3511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[2],"tags":[146,71,70,14],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/posts\/3510"}],"collection":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/comments?post=3510"}],"version-history":[{"count":0,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/posts\/3510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/media\/3511"}],"wp:attachment":[{"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/media?parent=3510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/categories?post=3510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economictimes.lk\/index.php\/wp-json\/wp\/v2\/tags?post=3510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}