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Pawning Facilities
... Facilities 20 August 2020 : Considering bank lending rates of certain financial products which continue to remain high, licensed ...
conedit1 - 22.09.2020 - 14:26
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The Central Bank of Sri Lanka Continues its Accommodative Monetary Policy Stance
... The Board noted the decline in overall market lending rates, following the unprecedented monetary easing measures taken by the ... expects the broadbased downward adjustment in market lending rates to continue, thereby ensuring affordable credit flows to productive ...
content_manager - 22.10.2020 - 16:12
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The Central Bank of Sri Lanka Further Tightens the Monetary Policy Stance
... b) revise upwards the caps imposed on interest rates applicable to credit cards to 20 per cent per annum, on pre-arranged ... per annum. Directions to effect these regulated interest rates will be issued shortly. FULL TEXT Published Date: ...
conedit1 - 04.03.2022 - 14:54
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Central Bank continues regulatory actions against errant Money Changers
... that the following Money Changers have transacted at rates beyond the rates offered to them by Licensed Banks, thereby violating the Directions ...
conedit4 - 04.04.2022 - 09:51
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The Central Bank of Sri Lanka Introduces Measures to Reduce the Overdependence on the Standing Facilities
... in money market liquidity conditions, market interest rates continued to remain high, partly due to subdued activity in the domestic ... rate structure (of both deposit and lending interest rates) in the period ahead along with improving market liquidity conditions, ...
conedit1 - 09.01.2023 - 08:59
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The Central Bank of Sri Lanka Imposes Maximum Interest Rates on Pawning Advances of Licensed Banks
... Central Bank of Sri Lanka observes that the current interest rates charged by licensed banks on pawning advances range from 12% - 17.5% per ... Bank of Sri Lanka has decided to impose maximum interest rates on pawning advances of licensed banks. Accordingly, an Order ...
content_manager - 27.04.2020 - 19:56
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The Central Bank of Sri Lanka Continues its Accommodative Monetary Policy Stance
... Board, having noted the reduction in overall market lending rates during 2020, stressed the need for a continued downward adjustment in lending rates to boost economic growth in the absence of demand driven inflationary ...
conedit1 - 14.02.2021 - 10:27
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Directions, Rules, Determinations, Notices, and Guidelines Applicable to Licensed Finance Companies and Specialised Leasing Companies
... Direction No. 03 of 2013 6.6 Finance Companies (Interest Rates) Direction No. 05 of 2013 7. Corporate Governance 7.1 Finance ... of the Investment Fund Account 4. Cap on Penal Interest Rates charged by Licensed Finance Companies and Specialised Leasing Companies ...
admin - 19.10.2016 - 12:40
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The Central Bank of Sri Lanka reduces the Statutory Reserve Ratio
... enable a further downward adjustment in the market lending rates as a result of the reduction in cost of funds of LCBs, thereby supporting ... if required, to ensure faster reduction of market lending rates. Published Date: Wednesday, August 9, 2023 ...
conedit1 - 09.08.2023 - 15:43
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IMF Reaches Staff Level Agreement with Sri Lanka on Three-Year $1.5 Billion EFF
... tax system—eliminating exemptions, holidays, and special rates to broaden the tax base and create a tax system that is simple, ... and reform the external tariff structure to reduce effective rates of protection while simultaneously pursuing new trade agreements. The ...
content_manager - 04.10.2018 - 10:29