The Central Bank of Sri Lanka announced a decision to maintain its Standing Deposit Facility Rate and Standing Lending Facility Rate at the current level of 15.50 per cent and 16.50 per cent
The difference between the real and nominal GFCF rates was five percentage points. The difference stood at over 5% in the previous two quarters of the current financial year
VC investment in India is expected to remain soft in the first quarter of 2023, before starting to pick up in Q2 in part due to India's strong growth and consumption expectations
Raising the growth rate to 9 per cent in FY21 would require uplifting the investment rate to close to 38 per cent of GDP as against 31.3 per cent in FY19, it said