Sri Lankan Rupee Closes Stronger at 293.15/20 Against Dollar, Bond Yields Rise
Sri Lanka’s rupee appreciated on Tuesday, closing at 293.15/20 against the US dollar, up from the previous day’s rate of 293.45/55, according to.
Forex Market
Economics
IMF Advocates Dedollarization and Monetary Policy Reform in Sri Lanka
The International Monetary Fund (IMF) has stirred political discussions around dedollarization in Sri Lanka through a report on liquidity operations and monetary policy..
- October 7, 2024
Economics
Colombo Inflation Drops 0.5% in September Amid Lower Food and Fuel Prices
Inflation in the Colombo district decreased in September, following a significant slowdown in August, as both food and non-food prices declined due to.
- October 1, 2024
Markets
Market Stabilizes After Recent Bullish Surge Ahead of T-Bill Auction
Investor sentiment experienced a brief pause following the significant buying momentum observed in recent days, suggesting a period of stabilization ahead of the.
- October 1, 2024
Finance
Sri Lanka Central Bank Holds Rates Steady, Deflation Possible in Near Term
Sri Lanka’s central bank announced that it would maintain policy interest rates between 8.25% and 9.25%, citing the likelihood of deflation in the.
- September 27, 2024
Economics
National Consumer Prices Drop to 1.1% in August Amid Lower Food and Electricity Costs
In August 2024, Sri Lanka’s national consumer prices eased to 1.1% year-on-year, down from 2.5% in July. This significant deceleration was driven primarily.
- September 26, 2024
International Economic Developments
US Supports Sri Lanka’s Path to Economic Sustainability Post-Crisis: Foreign Relations Chair
The United States has reaffirmed its support for the people of Sri Lanka in their efforts to build “an inclusive, just, democratic, and.
- September 25, 2024
Economics
Sri Lanka Central Bank’s Foreign Reserves Remain Negative at US$728 Million (July 2024)
As of July 2024, Sri Lanka’s central bank continues to face a challenging financial situation, with net foreign reserves remaining in the negative.
- September 18, 2024
Finance
FC Forecasts Lending Rates to Stay Between 9-11% for Remainder of 2024
First Capital (FC) anticipates that bank lending rates will remain within the 9-11% range for the rest of 2024 and rise slightly to.
- September 9, 2024
Economics
Sri Lanka’s Private Credit Expands by Rs. 60 Billion in July 2024, SOE Credit Declines
Sri Lanka’s private sector credit expanded by Rs. 60 billion in July 2024, following a Rs. 74 billion rise in June, according to.
- September 9, 2024