Sri Lanka’s inflation is projected to remain below 3 percent through the first quarter of 2025, according to the Central Bank. This marks a breach of the lower threshold of the country’s 5 percent inflation target, which has been consistently maintained over the past several months. The Central Bank has proposed a 5 percent inflation
On Thursday, Sri Lanka’s rupee closed stronger at 298.95/299.05 against the US dollar, improving from the previous day’s 299.15/25, according to dealers. Concurrently, bond yields experienced a slight decline. A bond maturing on December 15, 2026, closed at 11.05/20 percent, down from 11.05/30 percent. A bond maturing on December 15, 2027, closed at 12.05/20 percent,
Sri Lanka’s rupee strengthened to 299.00/15 against the US dollar in early trading on Thursday, showing an improvement from the previous day’s close of 299.15/25, according to currency dealers. In the secondary market, treasury bond yields remained largely steady. A bond maturing on December 15, 2026, was quoted at 11.10/20 percent, slightly up from 11.05/30
Sri Lanka’s positive economic growth, seen in early 2024, is likely to continue, supported by low inflation and a stable exchange rate, according to Central Bank Governor Nandalal Weerasinghe. In the first quarter of 2024, the country’s economy expanded by 5.3 percent, as estimated by the state statistics office. Speaking at an international forum organized
Fitch Ratings has upgraded the national long-term rating of Habib Bank Limited – Sri Lanka Branch (HBLSL) to ‘AA-(lka)’, up from ‘A(lka)’. The outlook for the rating is stable. This upgrade follows the improved credit profile of HBLSL’s head office, Habib Bank Limited (HBL) in Pakistan, due to the recent upgrade of Pakistan’s sovereign rating.
To facilitate a deeper understanding of the International Monetary Fund (IMF) tax reforms, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently organized a discussion forum. This event brought together experts from various sectors to delve into the reforms and their implications on the Sri Lankan economy. Following the IMF’s comprehensive report