Sri Lanka gross official reserves rebound to USD 7.1bn in July
Aug 07, 2020 (LBO) – Sri Lanka’s gross official reserves have improved to 7,102.0 million US dollars by the end of July from 6,693.2 million dollars in …
Money
Sri Lanka’s GDP contracts by 1.6% in 1Q 2020
Aug 06, 2020 (LBO) – Sri Lanka’s GDP growth rate for the first quarter of 2020 has been estimated as 1.6 percent of negative growth rate, when …
Tile and sanitaryware temporary import suspension has adverse impact on SL’s revenue
Jul 23, 2020 (LBO) – The Tile & Sanitaryware Importers Association (TSIA), Sri Lanka’s main body established to address the grievances of tile and …
Central Bank cuts SDFR & SLFR by 100 bps to induce further reduction in lending rates
Jul 09, 2020 (LBO) – The Monetary Board of the Central Bank has decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility …
Central Bank approved Rs.53Bn for 20,240 COVID-19 affected businesses
Jul 06, 2020 (LBO) – The Central Bank, in consultation with the Government of Sri Lanka, has introduced the Saubagya Covid-19 Renaissance Loan Scheme to …
Sri Lanka inflation marginally down in June 2020
Jul 02, 2020 (LBO) – The year on year inflation as measured by the Colombo Consumer Price Index (CCPI) is 3.9 percent in June 2020 and inflation …
Fallout from Pandemic prompts an unprecedented rate cut: FCR
Jun 30, 2020 (LBO) – First Capital Research (FCR) believes that there is a higher likelihood of 90% that CBSL may provide a rate cut to ensure the continued …
SL should aim for V-shaped economic recovery post COVID 19 : Cabraal
Jun 25, 2020 (LBO) – Ajith Nivard Cabraal, advisor to the Prime Minister on Economic Affairs says that Sri Lanka should aim for V-shaped economic …
100bps rate cut on the cards to push banks for lending: First Capital Research
Jun 19, 2020 (LBO) – First Capital Research allocates a policy rate cut expectation of 100bps bringing the SDFR and SLFR to 4.50% and 5.50%, respectively. …
Sri Lanka’s Central Bank further reduces Statutory Reserve Ratio
Jun 16, 2020 (LBO) – The Monetary Board of the Central Bank has decided to reduce the Statutory Reserve Ratio (SRR) applicable on all rupee deposit …
Sri Lanka export earning drop 42.3-pct in Mar 2020
Jun 02, 2020 (LBO) – The deficit in the trade account narrowed in March 2020 to US dollars 549 million, from US dollars 592 million in March 2019, as the …
Sri Lanka seeks USD1.1bn special SWAP facility from India
May 24, 2020 (LBO) – President Gotabaya Rajapaksa yesterday asked Indian Prime Minister Narendra Modi to help Sri Lanka by providing a special SWAP facility …
Sri Lanka explores SWAP facilities with regional Central Banks
May 19, 2020 (LBO) – Sri Lanka is in the process of exploring SWAP facilities with regional central banks, while arrangements are also being made for …
Sri Lanka official reserves at USD 7.9Bn at end Feb 2020
May 18, 2020 (LBO) – Sri Lanka’s gross official reserves stood at 7.9 billion dollars at end February 2020, equivalent to 4.7 months of imports, …
IMF discusses Sri Lanka’s intention to replace EFF with rapid financing instrument
May 08, 2020 (LBO) – The International Monetary Fund (IMF) says that they are currently discussing Sri Lanka’s intention to replace the Extended Fund …
Sri Lanka gross official reserves down to USD7.2 bn by end-April
May 07, 2020 (LBO) – Sri Lanka’s gross official reserves were 7.2 billion US dollars (USD7,179.9mn) by the end of April, down from 7.5 billion US dollars …
Central Bank imposes maximum interest rates on pawning advances of banks
Apr 27, 2020 (LBO) – Sri Lanka’s Central Bank has decided to impose maximum interest rates on pawning advances of licensed banks. The decision has been …
Sri Lanka introduces special deposit account to manage COVID-19 challenges
Apr 12, 2020 (LBO) – Sri Lanka’s Government in consultation with the Monetary Board of the Central Bank has introduced a Special Deposit Account (SDA) …
Sri Lanka official reserves down to USD7.5bn by end-March
Apr 09, 2020 (LBO) – Sri Lanka’s gross official reserves were 7.5 billion US dollars (USD7,525.7mn) by the end of March, down from 7.9 billion US dollars …
Central Bank introduces urgent measures to ease pressure on exchange rate
Mar 19, 2020 (LBO) – Sri Lanka’s Central Bank has introduced several measures to ease the pressure on the exchange rate and prevent financial market …