Sri Lanka’s Loan Demand Rises in Q2 2024 Amid Lower Interest Rates and Exchange Rate Stability
Sri Lanka experienced a significant increase in loan demand across the retail, corporate, and small and medium enterprise (SME) sectors during the second.
Finance
Economics
Sri Lanka Owes Banks Rs88bn for Past Senior Citizen Interest Subsidies; New Scheme Announced
Sri Lanka’s banks are still owed 88 billion rupees for interest subsidies paid to senior citizens in the past, according to State Minister.
- August 7, 2024
International Economic Developments
US and Asian Markets Plunge Amid Rising Economic Concerns
The US markets extended their losses on Monday, continuing the downturn that began last week, while Asian markets also saw significant declines, particularly.
- August 6, 2024
Economics
Central Bank Rules Out Interest Rate Regulations Amid Relief Calls
Last week, the Central Bank of Sri Lanka reaffirmed its stance against regulating interest rates, opting to let market forces dictate the rates..
- July 29, 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
Economics
Sri Lanka Central Bank Cuts Interest Rates to Boost Economy
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on July 23, 2024, decided to reduce the.
- July 24, 2024
Industry Analysis
Nations Trust Bank to Raise Rs. 10 Billion Through Debentures
Nations Trust Bank PLC has announced plans to raise Rs. 10 billion via a listed debenture issue. The Board has resolved to issue.
- July 18, 2024
Economics
IMF Warns of Global Growth Risks Amidst Elevated Inflation
IMF Cautions on Global Growth Threats from Persistent Inflation The International Monetary Fund (IMF) has issued a warning that global growth is at.
- July 17, 2024