The regulated interest rates of 04 key facilities have been reduced by the Central Bank of Sri Lanka (CBSL).
The regulated interest rates were revised during a meeting of the Monetary Board of the CBSL yesterday (19).
The CBSL has revised regulated interest rates for credit cards, pre-arranged temporary overdrafts, pawning facilities, and the penal interest rate over the regular interest rate.
The following are the revised regulated interest rates.
Maximum interest rate on credit cards – 18%
Maximum interest rate on pre-arranged temporary overdrafts – 16%.
Maximum interest rate on pawning facilities – 10%
Penal interest rate over the regular interest rate – 02% points.
(Newswire)