Sri Lanka’s Central Bank Net Foreign Reserves Turn Positive in October 2024
Sri Lanka’s net foreign reserves moved into positive territory in October 2024, with reserves exceeding reserve-related liabilities by approximately 63 million US dollars,.
Finance
Economics
Colombo Consumer Prices Dive Deeper into Deflation in November 2024 Amid Fuel Price Cuts
Inflation in Colombo fell further into deflationary territory in November 2024, as anticipated by the Central Bank, with a significant decline in non-food.
- December 2, 2024
Economics
CPC Reports Profit Decline Amid Falling Oil Import Costs
Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) has reported a steep decline in profits for the first half of 2024, with net earnings.
- November 4, 2024
Finance
Market Volatility and Refinancing Risks Remain Despite Global Rate Cuts, Fitch Ratings Reports
The turn of the global monetary policy cycle this year, with rate cuts in the US, Eurozone, and other major economies, has significantly.
- November 1, 2024
Policy and Regulation
New Government Denies Printing of New Currency Notes, Clarifies Fiscal Practices
Minister Vijitha Herath has clarified that the new government has not printed any currency notes or taken loans from foreign institutions. The statement.
- October 30, 2024
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
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 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