Home > The Central Bank of Sri Lanka introduces the Overnight Policy Rate and further eases its monetary policy stanc
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 26
November 2024, decided to further ease the monetary policy stance and set the newly
introduced Overnight Policy Rate (OPR) at 8.00 per cent. With this change, the effective
reduction in the policy interest rate would be around 50 basis points from the current level
of the Average Weighted Call Money Rate (AWCMR), which continues to serve as the
operating target of the Flexible Inflation Targeting ( FIT) framework.
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 26
November 2024, decided to further ease the monetary policy stance and set the newly
introduced Overnight Policy Rate (OPR) at 8.00 per cent. With this change, the effective
reduction in the policy interest rate would be around 50 basis points from the current level
of the Average Weighted Call Money Rate (AWCMR), which continues to serve as the
operating target of the Flexible Inflation Targeting ( FIT) framework.
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