Lanka Rating Agency welcomes new CBSL monetary policy framework

Friday, 29 November 2024 00:58 - - {{hitsCtrl.values.hits}}

The Lanka Rating Agency Ltd. (LRA) expressed strong support for the Central Bank’s innovative new monetary policy framework, emphasising its potential to drive economic revitalisation and corporate growth.

The agency said it recognises the monetary policy as a critical strategic instrument that will: empower financial institutions to strengthen their credit profiles, enhance service delivery across the banking sector, stimulate broader economic activities, support national business expansion while stimulating moderate demand and provide robust support for organisational balance sheets.

“This new monetary policy framework is a strategic tool that empowers financial institutions to enhance their credit profiles and services,” said Lanka Rating Agency Ltd. CEO Dr. Kenneth De Zilwa. “It will effectively stimulate economic activities and enhance corporate business expansion while supporting corporate, SMEs, and MMEs balance sheets.”