Central Bank of Sri Lanka (CBSL) Introduces Historic Overnight Policy Rate (OPR) to Signal Monetary Easing
The Central Bank of Sri Lanka (CBSL) has taken a landmark step in monetary policy by introducing the Overnight Policy Rate (OPR) as its primary policy instrument. This move, effective 27 November 2024, aims to enhance the efficiency of monetary transmission, stimulate economic activity, and guide inflation towards a 5% target over the medium term. … Read more
