Sri Lanka's gross domestic product is projected to grow 6.0 percent in 2021 recovering from a 3.9 percent slump in 2020, Central Bank's Director of Economic Research Chandranath Amarasekera said.
A 10 billion yuan swap (about 1.5 billion US dollars) with the People's Bank of China could be concluded as early as two weeks while a billion dollar swap with the Reserve Bank of India is also awaiting approvals, Central Bank officials said.
By explaining his decision in a straightforward manner, and carrying it out, President Rajapaksa has shown leadership in its constructive senseBy Dr. Jehan Perera - Executive Director National Peace Council
Sri Lanka’s rupee was quoted around 194.50/196.00 in the spot-next market on Tuesday while bond yields eased, dealers said.
Sri Lanka will start a directed lending program to 'priority sectors' in the small and medium industry sector after consulting with the banking community, the central bank said.
Sri Lanka's central bank said it was holding its policy corridor at the current 4.5 to 5.5 percent amid negative forward premiums in forex markets and a steady drain on forex reserves.
Dr. Jehan Perera - Executive Director National Peace Council