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Thursday December 2nd, 2021
Monetary

Sri Lanka part settles billion dollar Federal Reserve repo

Sri Lanka has settled half of a billion US dollar repo transaction with the Federal Reserve, executed last year official...

5 min read

US inflation will overshoot target, Powell delusional: Hanke

US inflation is likely to go as much as 5 percent with broad money supply beginning to grow at unprecedented rates and F...

5 min read

Sri Lanka banks borrow Rs64bn from liquidity window, rupee below 200 to the dollar

Sri Lanka's banks borrowed 64.6 billion rupees overnight on Wednesday up from 46 billion rupees a day earlier, keeping c...

5 min read

Sri Lanka's inflation picks up to 4.1-pct in March 2021

Sri Lanka's 12-month consumer price inflation accelerated to 4.1 percent in March 2021 from 3.3 percent in February amid...

5 min read

Too late for Sri Lanka currency board, tool to control central bankers, politicians: Wijewardena

Because the currency board will introduce discipline to political leaders as well as those in the central bank

Sri Lanka resumes repo auctions in minor tightening of policy

The resumption of repo auctions is a further tightening of policy

Sri Lanka central bank needs new monetary law to block money printing: Governor

Sri Lanka's central bank is seeking passage of revamped governing law to block itself from printing money to finance def...

4 min read

Sri Lanka has no peg, soft or hard: CB Governor

Sri Lanka does not have a peg but manages the rate 'flexibly', Central Bank Governor Indrajit Coomaraswamy said, an arra...

2 min read

Sri Lanka President in push for large scale money printing, fiscal dominance: report

President Maithripala Sirisena has opposed changes to Sri Lanka's central bank law which aims to end wholesale money pri...

3 min read

Sri Lanka central bank may cut floor rate in August

Sri Lanka's central bank which is propping up overnight rates a little above the 7.5 percent floor policy corridor with ...

3 min read

Sri Lanka forex reserves grow to US$8.9bn in June

Sri Lanka's forex reserves grew to 8.9 billion US dollars in June 2019 from 6.7 billion US dollars, in May a central ban...

1 min read

Sri Lanka floor policy rate unchanged at 7.50-pct in July

Sri Lanka is holding policy rates at curent levels in a bid to maintain inflation, the central bank said.

6 min read

Sri Lanka's overnight target rate down 84-bp since floor rate cut

Sri Lanka's central bank is propping up the overnight rates about 20 basis points above its floor policy rate which was ...

5 min read

Colombo to Haldummulla, Sri Lanka's centres of free banking

Sri Lanka (then Ceylon) had issued currency notes at multiple locations ranging from Colombo and Galle to plantations di...

8 min read

Sri Lanka inflation rises 3.8-pct in June

Inflation in Sri Lanka's capital Colombo grew 3.8 percent in June from a year earlier, down from 5 percent in May, the s...

1 min read

Sri Lanka central bank makes Rs14bn hedging loss in 2018

Sri Lanka's central bank has made a 14.8 billion rupee loss on outstanding swaps which gave hedged the foreign exchange ...

3 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
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

History of Sri Lanka paper money in National Trust lecture by Kavan Ratnatunga

The history of paper money in Sri Lanka will be the focus of a lecture by The National Trust this month ranging from the...

2 min read

Sri Lanka national inflation slows to 3.5-pct in May

Sri Lanka's nationwide inflation slowed down to 3.5 percent in the 12-months to May 2019, for the first time in six mont...

1 min read

Sri Lanka pegs strongly to US dollar in May

Sri Lanka's central bank has pegged strongly to the US dollar in May 2019, buying 45 million US dollars from the interba...

3 min read

Sri Lanka cabinet approves new central bank forex management system

Sri Lanka's central bank will be procuring a new foreign reserves management system, the cabinet office said.

1 min read

Sri Lanka private credit sharply negative in April

Sri Lanka's credit to private borrowers from commercial banks turned sharply negative to 43.4 billion rupees during Apri...

2 min read

Sri Lanka forex reserves may fall to $6.2bn in 2019 in worst-case: CB Governor

Sri Lanka's foreign reserves will at most fall to 6.2 billion US dollars by end-2019 due to the Easter Sunday attack, Ce...

2 min read

Sri Lanka inflation rises 5-pct in May

Sri Lanka's inflation accelerated to 5 percent from a year earlier in May 2019, from 4.5 percent in April, the state sta...

1 min read

Sri Lanka banks warned of price controls on lending

Sri Lanka will slap price controls on bank loans if rates do not come down fast enough Central Bank Governor Indrajit Co...

3 min read

Sri Lanka in 50pb rate cut as credit contract after soft-peg crisis

Sri Lanka's central bank has cut its policy corridor by 50 basis points with to 7.50 percent and 8.50 percent as a credi...

3 min read

Sri Lanka growth slowdown risk from bombings could prompt interest rate cut

ECONOMYNEXT – The prospect of Sri Lanka’s central bank loosening monetary policy at its review this week h...

2 min read

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