Non-Performing Loans Decline in Q3 2024 Amid Economic Recovery
The Central Bank of Sri Lanka (CBSL) has reported a notable decline in non-performing loans (NPLs) during the third quarter of 2024 (Q3),.
Economics
Finance
Fitch: Economic Recovery to Boost Growth in Sri Lanka’s Finance and Leasing Companies
Fitch Ratings announced that Sri Lanka’s ongoing economic recovery, combined with moderating inflation and lower interest rates, is set to drive the growth.
- October 22, 2024
Finance
Credit Card Debt Sees Modest Increase in August Amid Rising Private Credit
Consumer spending via credit cards has shown signs of growth, with the total outstanding credit card debt in licensed commercial banks rising by.
- October 7, 2024
Forex Market
Sri Lankan Rupee Weakens to 296.40/80 Against US Dollar, Bond Yields Decline
Sri Lanka’s rupee weakened on Wednesday, closing at 296.40/80 against the US dollar, compared to 294.75/295.00 from the previous day. Meanwhile, bond yields.
- October 3, 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
Forex Market
Sri Lankan Rupee Strengthens to 304.25 as Bond Yields Decline
Sri Lanka’s rupee strengthened on Monday, closing at 304.25/75 against the US dollar, recovering from its previous close of 305.25/306.00 on Friday, according.
- September 24, 2024
Economics
Sri Lanka Anticipates IMF Mission Visit in Two Weeks, Says President Wickremesinghe
Sri Lanka is expecting a mission from the International Monetary Fund (IMF) in two weeks, President Ranil Wickremesinghe announced at a campaign rally.
- September 19, 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
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
Oil Prices Climb on Middle East Tensions and Anticipated US Rate Cuts
Crude oil prices have seen an uptick at the start of this week, following a previous week of losses, as escalating violence in.
- August 27, 2024