An Echelon Media Company
Tuesday April 16th, 2024
Monetary

Sri Lanka undershoots inflation target in first quarter despite VAT hike

In our expectation it will remain around 4-5 percent in the next 12 to 18 months

April 14, 2024 3 min read

Sri Lanka making national tariff policy for export orientation

Para tariffs to be phased out

April 13, 2024 3 min read

Sri Lanka's central bank buys $715mn from fx markets in March

Gross official reserves went up by 431 million US dollars in March as debt was repaid from domestic savings

April 11, 2024 3 min read

Sri Lanka foreign reserves rise $431mn to US$4.9bn in March

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April 7, 2024 2 min read
Sri Lanka central bank buys $484mn from markets to Feb 2024

The central bank bought US$245.3 from banks in January 2024 and US$239.5mn in February

Sri Lanka exporters protest rupee appreciation, forced conversion rules

Sri Lanka's central bank is operating deflationary monetary policy giving it full control of the exchange rate

Sri Lanka optimistic about a positive outcome with bondholders: Minister

Hopeful of meeting IMF debt requirements to complete second review

April 1, 2024 1 min read

Sri Lanka current account in US$1.6bn surplus in 2023

In the December 2023 quarter Sri Lanka recorded a current account surplus of 237 million US dollars

April 1, 2024 3 min read

Sri Lanka inflation 0.9-pct in March, prices up 4.3-pct over 18-months

Food prices were down 3.6 percent over 18-months

March 28, 2024 1 min read

Sri Lanka EPF gets US$1.85bn in value back as central bank strengthens rupee

Most food prices also down from 2022 levels

March 28, 2024 3 min read

Sri Lanka to remunerate overnight excess reserves daily from April 01

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March 27, 2024 2 min read

Sri Lanka does not look at real effective exchange rate: CB Governor

There is no exchange rate target

March 27, 2024 2 min read

Sri Lanka CB chief sees end-March FX reserves at “much higher than $4.5 bln”

Sri Lanka cenbank is building reserves after they fell to from less than $500 million in latter part of 2021

March 26, 2024 1 min read

Sri Lanka central bank cuts rates 50 basis points to 9.50-pct

An price control on lending rates removed

March 26, 2024 7 min read

IMF sees no problem in Sri Lanka central bank building reserves with fx swaps

This can either be swaps with domestic banks, but also swaps with other central banks

March 24, 2024 3 min read

Sri Lanka central bank says senior management decided to review salary hike

The salary hike was initially defended on the basis of central bank independence

March 24, 2024 3 min read
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US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
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Source: Central Bank/Indicative

IMF urges transparency in Sri Lanka Central Bank’s salary benchmarking

The Central Bank's salary hike has angered public sector employees

Shihar Aneez
March 22, 2024 3 min read

Sri Lanka central bank to suspend salary hike from next month: COPF chair

The central bank's accountability to parliament established

March 21, 2024 2 min read

Sri Lanka reaches staff level agreement with IMF: Statement

Board approval is subject to completing some prior actions and more progress on debt restructuring

March 21, 2024 4 min read

Sri Lanka gives tax-payer guarantee to central bank's US$2.45bn India debt

A ceiling on Treasury guarantees were raised after the last IMF review

March 20, 2024 4 min read

Sri Lanka private credit down in Jan 2024

Central bank credit also down

March 18, 2024 2 min read

IMF increases bailout access to 600-pct from 200-pct of member quota

The extension takes place in the context of the still uncertain global economic environment

March 12, 2024 5 min read

Sri Lanka central bank net assets fall to Rs11bn in Dec 2023

The central bank made large valuation losses in September

March 11, 2024 3 min read

Sri Lanka official remittances up 16.8-pct in Feb

Official remittances are at a five month low

March 9, 2024 1 min read

Sri Lanka foreign reserves inch up to US$4517 in Feb 2024

Sri Lanka has large volumes of swaps, including with domestic counterparties

March 8, 2024 2 min read

Sri Lanka's Adani wind power purchase price below other non-tendered rates: Minister

Ground mounted wind is given 43 rupees for plants below 10 MW

March 7, 2024 2 min read
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