Sri Lanka’s Central Bank Reports Rs. 274 Billion Profit in 2024
Sri Lanka’s central bank has reported a profit of Rs. 274 billion for the year 2024, driven primarily by interest income from its.
Economics
Forex Market
Sri Lankan Rupee Strengthens Slightly as Bond Yields Edge Down
The Sri Lankan rupee opened slightly stronger on Tuesday, trading at 299.55/60 against the US dollar in the spot market, compared to Monday’s.
- April 29, 2025
Economics
Sri Lanka Sees Rising Consumer Goods Competition as Inflation Undershoots Target
Sri Lanka’s consumer goods market is witnessing increased competition, driven by new entrants and a more stable currency, as the central bank helps.
- February 10, 2025
Finance
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,.
- December 4, 2024
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