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Thursday December 2nd, 2021

Sri Lanka keeps rates at 6.0-pct amid high inflation, forex trouble

Inflation is transitory

5 min read

Sri Lanka national inflation surges to a 4-year high after money printing

Since inflationary policy began from around August 2019, the food index had risen 28.5-pct

5 min read

Sri Lanka central bank appoints four assistant governors

Appointments are effective from November 17

5 min read

Sri Lanka closes oil refinery amid money printing, forex shortages

We made this decision to manage limited foreign exchange to import essential foods

5 min read

Sri Lanka central bank blames usual suspects for inflation after printing money

Food prices have been surging amid trade restrictions

Sri Lanka targets US$3.5bn forex reserves by end 2021

There will be no default: CB Governor says

Sri Lanka CB appoints new monetary policy consultative committee

Representatives from several sectors

2 min read

Sri Lanka cryptocurrency users should take own risk: CB officials

El Salvador has made Bitcoin legal tender amid controversy

3 min read

Sri Lanka prints Rs19bn despite lifting Treasuries price controls

Both reported outright bill stock and window borrowings up

3 min read

Sri Lanka sells more bonds by post-auction window, 15-pct unsold

To maintain external stability bond auctions has to succeed

2 min read

Sri Lanka CB expects falling remittance to reverse trend from October

Parallel exchange rates still operate

3 min read

Sri Lanka CB sees inflation rising in the near term, but rules out double digits

We expect some near term inflationary pressure due to global price movement and surge in global commodity prices

3 min read

Sri Lanka CB sees private sector credit growth at 14-pct by end 2021

We have seen a substantial increase in the private sector credit

2 min read

Sri Lanka keeps overnight policy rates unchanged, market rates move up

Market rates move up after last hike

8 min read

Sri Lanka rupee non-credible peg at 203 to dollar drives dollar rationing, rates rise

Banks trying to supply dollars to non-foods

5 min read

Sri Lanka private, state credit surge in August, CB credit up 187-pct

Central bank credit to government grew 187 percent in the 12-months to August

1 min read

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Latest Last
US Dollar 202.0474 202.0474
UK Pound 268.7331 269.2383
Euro 228.7177 228.3338
Aus Dollar 144.3831 144.4841
Yen 1.7815 1.7776
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.6936 2.6920
Korea Won 0.1711 0.1702
Oman Rial 524.7916 524.7916
Saudi Riyal 53.8563 53.8592
UAE Dirham 55.0073 55.0073
Source: Central Bank/Indicative
pts %
S&P SL20 3,900.02 1.84%
CSE All Share 11,440.53 2.13%
Turnover Rs million. 2,191,558,044.10 10,054,526,815
Source: CSE
Latest Last
3-m bill 7.56 7.63
6-m bill 7.91 7.88
12-m bill 8.25 8.16
5-yr bond 10.56 10.58
8-yr bond 11.21 11.20
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka central bank on insolvency track, quasi-fiscal losses loom

In September gross reserves had fallen further

8 min read

IMF cautions Maldives on money printing to stop rufiyaa fall as Sri Lanka wobbles

Tighter monetary policy stance may be needed to ensure compatibility with the exchange rate peg

3 min read

Sri Lanka forex reserves down to US$2.5bn in September

From US$5.6bn in December 2020

1 min read

Sri Lanka shortage agency likely to relax price controls on LPG, wheat flour, milk

CAA to issue new price controls based on 'costs'

6 min read

Sri Lanka prints Rs106.7bn rupees to fully sterilize interventions, SRR hike effect

On October 04, the central bank's Treasury bills stock rose to 1,442.7 billion rupees from 1,336 billion rupees

3 min read

Sri Lanka 2021 budget deficit hits trillion rupees by July, Rs549bn printed

Money printing has triggered a US$2.7bn balance of payments deficit

4 min read

Sri Lanka central bank relaxes some controls, exporters forced to convert more dollars

Central Bank negotiating US$500mn in swaps

4 min read

Sri Lanka to consider buying back ISBs falling due in 2022: Governor Cabraal

We will consider buying back the ISBs if steep discounts continue

2 min read

Sri Lanka removes LC margins on electronic, 'non-essential' items: Cabraal

The cash margin is removed from today

1 min read

Sri Lanka to hike mandatory foreign exchange surrender rule

No change will be made to personal foreign currency accounts,

1 min read