Sri Lanka Central Bank Absorbs Rs. 546 B from Forex Purchases to June 2024
Sri Lanka’s central bank has absorbed Rs. 546 billion of domestic money out of the Rs. 578.5 billion created from foreign exchange purchases.
Economics
Economics
CBSL Projects Near 4% Economic Growth for SL in 2024
Sri Lanka is poised to achieve close to 4% economic growth by the end of 2024, continuing its positive momentum, according to Central.
- August 1, 2024
Economics
Sri Lanka’s CPI Up 2.4% in July; 22-Month Inflation Rises 2.8%
Sri Lanka’s consumer prices in the capital Colombo increased by 2.4% in the 12 months to July 2024. However, the central bank’s deflationary.
- August 1, 2024
Economics
Central Bank Cuts Key Rates by 25bps to Stimulate Growth
The Central Bank has reduced its key policy rates by 25 basis points, bringing the Standing Lending and Deposit Facility rates to 9.25%.
- July 26, 2024
Business
Central Bank Lowers SDFR and SLFR by 25 Basis Points
The Monetary Policy Board of the Central Bank of Sri Lanka has announced a reduction in both the Standing Deposit Facility Rate (SDFR).
- July 25, 2024
Stock Market
Sri Lankan Stocks Gain After Central Bank Rate Cut
On Wednesday, the Colombo Stock Exchange experienced a slight uptick following the central bank’s policy rate cut earlier in the day. The All.
- July 25, 2024
Economics
Sri Lanka’s Private Sector Credit Grows by Rs.146 B
Sri Lanka’s credit to the private sector has expanded by Rs. 146 billion in the first half of 2024, with a notable increase.
- July 25, 2024
Economics
Sri Lanka Offers Interest Relief on Pawning Advances Up to Rs. 100,000
Sri Lanka will provide interest relief for pawn advances up to Rs. 100,000, as announced by Cabinet Spokesperson Minister Bandula Gunawardena. This measure.
- July 24, 2024
Economics
Sri Lanka’s Net Debt Decreases in 2023 Despite Borrowing for Budget
Sri Lanka’s central government net debt decreased to 36.3 billion USD in 2023, down from 37.5 billion USD in 2022, despite borrowing 1.57.
- July 22, 2024
Markets
Sri Lanka’s Central Bank Sells $57 Million in Forex Markets in June
In June 2024, Sri Lanka’s central bank was a net seller in the foreign exchange market, selling $57 million to banks without purchasing.
- July 15, 2024