Tuesday, 21 May 2024
Bank interest rates to go up in next 2 months

Bank interest rates to go up in next 2 months Featured

Bank interest rates are likely to be raised by around two per cent within the next two months, say Colombo financial market sources say.

The present five to six pc normal interest rates for deposits are expected to go up to nine to 10 pc.

Already, the interest rates for treasury bills and bonds have been raised.

The interest for the recently-sold treasury bonds is 12.5 pc.