The prevailing low interest rates in Sri Lanka would be long term and there are no reasons for them to increase, said the Governor of the Central Bank of Sri Lanka.

Central Bank Governor Ajith Nivard Cabraal told AdaderanaBiz.lk that there are possibilities of reducing the interest rates further.

Economic factors like the current low inflation index has enabled the interest rates to be kept low, he added

Recently, the Central Bank relaxed its monetary policies which enabled interest rates to be reduced and gradually commercial banks began reducing their interest rates.

This resulted in the country enjoying low interest rates.