Category: Forex

Sri Lanka opts not to tinker with its key short-term interest rates for the next three months as authorities plan to tame galloping inflation during the second half of this year, Treasury Secretary said.Sri Lanka opts not to tinker with its key short-term interest rates for the next three months as authorities plan to tame […]

Sri Lankan government has resurrected plans for a sovereign rating, to capitalise on the goodwill of foreign aid and investments that’s flowing through, in the post-tsunami era. Sri Lankan government has resurrected plans for a sovereign rating, to capitalise on the goodwill of foreign aid and investments that’s flowing through, in the post-tsunami era. A […]

Sri Lanka left its key interest rates unchanged for the third consecutive month as the Central Bank looks for signs that inflation may slow on easing global oil prices.Sri Lanka left its key interest rates unchanged for the third consecutive month as the Central Bank looks for signs that inflation may slow on easing global […]

The Sri Lankan rupee is expected to strengthen further on the back of heavy dollar inflows to aid the tsunami relief programmes, the Central Bank Governor said Wednesday.The Sri Lankan rupee is expected to strengthen further on the back of heavy dollar inflows to aid the tsunami relief programmes, the Central Bank Governor said Wednesday. […]

The Central Bank kept its key short-term interest rates steady in December, following its monthly monetary policy announcement late Tue.The Central Bank kept its key short-term interest rates steady in December, following its monthly monetary policy announcement late Tue. The overnight repurchase (repo) and reverse repurchase (reverse repo) rates will remain at 7.5 percent and […]

Sri Lanka’s currency weakened to more than 200 rupees against the British pound on concern that foreign reserves are shrinking rapidly, the Central Bank of Sri Lanka said Wednesday. Sri Lanka’s currency weakened to more than 200 rupees against the British pound on concern that foreign reserves are shrinking rapidly, the Central Bank of Sri […]

The yen touched base with the rupee on Monday as a balance of payments deficits notches higher and speculation of exchange controls continue to linger in the market.The yen touched base with the rupee on Monday as a balance of payments deficits notches higher and speculation of exchange controls continue to linger in the market. […]

Treasury Secretary said benchmark interest rates will remain unchanged for the rest of the year despite a rise in inflation.Treasury Secretary said benchmark interest rates will remain unchanged for the rest of the year despite a rise in inflation. Dr. P. B. Jayasundera told LBR that the current upward trend in inflation is temporary and […]

Central Bank puts off raising short-term interest rates for the 12 consecutive month, in the face of galloping inflation.Central Bank puts off raising short-term interest rates for the 12 consecutive month, in the face of galloping inflation. The bank left its repurchase rate, at which it drains money from the banking system, at 7.0 percent, […]

The Colombo Stock Exchange quote s (CSE) is putting the finishing touches to its long awaited debt trading system, which is due to make its debut next month.