CBSL Forecasts Ongoing Deflation Amid Price Cuts and Improved Supply
The Central Bank of Sri Lanka (CBSL) anticipates that deflationary trends will continue in the coming months before inflation gradually aligns with the.
Economics
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
Finance
US Federal Reserve Cuts Rates by 50 Basis Points, Continues Quantitative Tightening
The US Federal Reserve has cut its interest rate by 50 basis points, bringing the target overnight rate to 4.75%-5.00%. Fed Chair Jerome.
- September 19, 2024
Economics
Sri Lanka’s IMF Program Yields Positive Results, Debt Sustainability Assessment Underway
Sri Lanka’s ongoing economic recovery program is showing positive results, according to an International Monetary Fund (IMF) spokesperson. The IMF’s next program review.
- September 13, 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
Finance
Central Bank Governor Briefs Parliament on Economic Stabilisation Efforts
In a special session held on Tuesday, Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka (CBSL), provided a comprehensive briefing.
- September 5, 2024
Business
Inflation Drops to 0.5% in August 2024 as Prices Decline
Sri Lanka’s headline inflation, measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100), dropped sharply to 0.5% in.
- September 2, 2024
Economics
National Consumer Prices Rise Slightly to 2.5% in July; Central Bank Confident in Controlling Inflation
National consumer prices in Sri Lanka saw a slight increase in July, rising by 2.5% compared to the same month last year. This.
- August 22, 2024
Finance
Sri Lanka’s Positive Growth Momentum Expected to Continue: CB Governor
Sri Lanka’s positive economic growth, seen in early 2024, is likely to continue, supported by low inflation and a stable exchange rate, according.
- August 14, 2024