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Wednesday July 6th, 2022

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

Inflation is transitory

November 25, 2021 6 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

November 23, 2021 2 min read

Sri Lanka central bank appoints four assistant governors

Appointments are effective from November 17

November 21, 2021 7 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

November 15, 2021 4 min read
German travel vlogger in Sri Lanka mulls leaving as money printing creates blackouts

Money printed to create a production economy has created a currency crisis in the island

IMF top team in Sri Lanka to brief President on economic crisis

IMF Asia Pacific Chief Changyong Rhee may head the delegation

Sri Lanka cuts rates 25bp, reserve ratio 100 in emergency move over Coronavirus

Sri Lanka has cut its policy rate corridor 25 basis points and also cut the statutory reserve ratio 100 basis points to ...

March 16, 2020 4 min read

Fed cut rates, key floating central banks to open taps on Coronavirus pandemic

The US Federal Reserve and other central banks announced on Sunday a bold set of measures to shore up confidence hit by ...

March 16, 2020 4 min read

Sri Lanka forex reserves rise to US$7.9bn in Jan 2020 before rate cut, profit transfer

Sri Lanka's forex reserves had grown to 7,948 million US dollars in January 2020, from 7512 million US dollars ahead of ...

March 9, 2020 2 min read

Sri Lanka excess liquidity spike in Feb from central bank profit transfer

A steep jump in excess liquidity in Sri Lanka's interbank money markets came from a transfer of profits from the central...

March 6, 2020 2 min read

Sri Lanka's central bank keeps rates unchanged in Feb amid Coronavirus fallout

Sri Lanka's central bank kept its policy rates unchanged in February 2020 saying credit was starting to pick up, but war...

March 5, 2020 8 min read

Federal Reserve cuts key interest rate due to virus risk

The US Federal Reserve announced an emergency rate cut Tuesday, responding to the growing economic risk posed by the cor...

March 3, 2020 1 min read

Sri Lanka climbs in misery index in 2019 after currency collapse

Sri Lanka's economic misery has increase in 2019, according to an annual global index compiled by a Johns Hopkins econo...

March 2, 2020 3 min read

Sri Lanka inflation speeds up to 6.2-pct in February 2020 after rate cut

Sri Lanka's inflation accelerated to 6.2 percent for the 12-months to February 2020, from 5.7 percent in January as the ...

February 29, 2020 2 min read

Sri Lanka to stop rupee interbank offered rates from July

Sri Lanka's central bank said it will stop compiling offered rates, a forward looking interest rate compiled with market...

February 25, 2020 2 min read

Sri Lanka national inflation hits 7.6-pct in Jan 2020

Sri Lanka's nation-wide inflation measured by the National Consumer Price Index, speeded up to 7.6 percent in the 12-mo...

February 25, 2020 1 min read
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Latest Last
US Dollar 367.3317 367.2998
UK Pound 440.9690 446.3443
Euro 378.4300 384.5648
Aus Dollar 252.1803 254.2801
Yen 2.7280 2.7116
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.5375 4.5579
Korea Won 0.2753 0.2772
Oman Rial 934.5767 934.5180
Saudi Riyal 95.8489 95.8722
UAE Dirham 97.9600 97.9538
Source: Central Bank/Indicative
pts %
S&P SL20 2,247.04 -2.01%
CSE All Share 7,117.35 -1.67%
Turnover Rs million 982,280,736 916,268,373
Source: CSE
Latest Last
3-m bill 19.88 19.95
6-m bill 20.76 20.17
12-m bill 21.12 21.81
5-yr bond 19.79 19.87
8-yr bond 20.46 20.14
Source: Central Bank/Indicative
today yesterday
Overnight Money 14.50 14.50
Gilt Repo 14.50 14.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka vegetable prices fall 30-40-pct in February, but still higher than last year

Sri Lanka's vegetable prices have started to fall in February 2020 from a month earlier, but remains sharply elevated f...

February 24, 2020 3 min read

Lawyer appointed to Sri Lanka central bank's rate setting Monetary Board

Sri Lanka's Constitutional Council had approved Sajeeva Jayawardene, a laywer nominated by President Gotabaya Rajapaksa ...

February 21, 2020 1 min read

Sri Lanka's consumption could have recovered with smaller stimulus: economist

Sri Lanka could have achieved a revival in consumer demand with a smaller stimulus, as the country tends to go through a...

February 20, 2020 3 min read

Sri Lanka program expires June 02, interest in 'range of options' later: IMF

A final review of Sri Lanka's existing program with the International Monetary Fund happen in April, if there is enough ...

February 13, 2020 2 min read

Negative rating stances on Sri Lanka worrying, but will improve with next budgetary cycle: CB Govern...

Cuts by rating agencies in the outlook of Sri Lanka's sovereign rating to negative in 2019 was worrying but ratings wil...

February 11, 2020 2 min read

Sri Lanka may start talks on a new IMF deal 'later on': CB Governor

Sri Lanka may start talks with the International Monetary Fund for a new program, Central Bank Governor W D Lakshman sai...

February 11, 2020 2 min read

Sri Lanka imports to fall in 2020, external account to improve: CB Governor

Sri Lanka will see a slow improvement in external accounts, trade deficit will continue to fall in 2020, and there will ...

February 10, 2020 1 min read

Sri Lanka January 2020 forex reserves drop to US$7.56bn

Sri Lanka's January 2020 official reserves fell 116 million dollars to 7,626 million dollars from 7,642 million dollars...

February 8, 2020 1 min read

Sri Lanka misses 2019 budget deficit, forex reserve targets in IMF program

Sri Lanka has missed the budget deficit and foreign reserves targets in a deal with the International Monetary Fund wher...

February 8, 2020 3 min read

Sri Lanka inflation in January 2020 rises to 5.4-pct

Sri Lanka inflation picked up to 5.4 percent in the 12-months to January 2020, with the index gaining 1.4 percent durin...

January 31, 2020 1 min read