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Saturday May 25th, 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
US Fed keep rates unchanged, reduces Treasuries sell-down

Fed would continue to sell-down mortgage backed securities

Sri Lanka inflation up 3.1-pct over 19-months, food down 4.6-pct

Consumer Price Index down for the past three months

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

Sri Lanka Treasuries yields up, Rs42bn 12-month bills sold

All offered 160bn in bills sold

March 6, 2024 1 min read

Sri Lanka rupee opens stronger at 307.70/90 to US dollar

Bond yields were flat ahead of a bill auction later on Wednesday

March 6, 2024 1 min read
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Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka central bank salary hike dispute with parliament deepens

Party leaders claim salary hike insensitive and parliament has ultimate control

March 6, 2024 3 min read

Sri Lanka seeks 5-month extension for Hamilton case suspension

Time given till March 2022 for intervenient petitioner for a reply if any

March 4, 2024 1 min read

Sri Lanka central bank swaps top $3.2bn by December

The gross position grew from 2,263 million dollars to 3,280 million US dollars over the year

March 4, 2024 3 min read

Sri Lanka central bank officials to be summoned to party leaders meeting over steep pay hike

Legislators have questioned steep salary hikes to central bank officials

March 3, 2024 2 min read

Sri Lanka inflation rises 5.9-pct over 17 -months, food down

Food prices were down 1.6-pct over 17-months despite VAT hike

February 29, 2024 2 min read

Sri Lanka central bank officers' union issues statement on salary hike

The discourse has been so far one sided

February 26, 2024 2 min read

Sri Lanka's central bank offers explain salary hike to parliament

Made a request through President to explain

February 25, 2024 1 min read
1

Sri Lankans may need to wait for Monetary Board meeting minutes despite new Act

Many central banks release minutes of their monetary policy meetings to ensure transparency

February 23, 2024 2 min read

Sri Lanka political leadership accepts 5 to 7-pct inflation without protest

There had been no such negotiation or an ask for a lower rate

February 22, 2024 3 min read

Sri Lanka upfront import duties, para tariffs keep foreign investors out: ex-BOI chief

When you look at investment criteria the go 'go no go decision' is not made because of tax holiday

Nethmi Rajawasam
February 18, 2024 5 min read