CBSL further tightens monetary policy stance; increases SDFR & SLFR by 100 basis points
The Monetary Board of the Central Bank has decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the …
Policy
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Finance Minister of India assures her fullest support to economic recovery process in Sri Lanka
Finance and Corporate Affairs Minister of India Nirmala Sitharaman assured the High Commissioner of Sri Lanka to India, Milinda Moragoda of her fullest …
Sri Lanka CB maintains policy rates
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 18 May 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the …
Sri Lankan mutual funds’ outflows rise amid economic turmoil: Fitch
The Sri Lankan mutual fund industry experienced large outflows in March 2022 with total assets under management (AUM) shrinking by more than 8% to LKR178 …
Central Bank significantly tightens its monetary policy; decides to increase SDFR & SLFR by 700bps
The Monetary Board of the Central Bank at its meeting held today has decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending …
ADB forecasts SL’s economic growth to dip to 2.4-pct in 2022
The Asian Development Bank’s (ADB) annual flagship economic publication forecasts a muted recovery from the coronavirus disease (COVID19) pandemic as Sri …
From crisis to inclusive economic growth in Sri Lanka
By FARIS HADAD-ZERVOS, World Bank Country Director for Maldives, Nepal and Sri Lanka & HANS TIMMER , Chief Economist, South Asia, World Bank Sri Lanka …
Opinion: Introducing import licenses will worsen Sri Lanka’s economic crisis
Advocata Extraordinary Gazette No 2270/18 of March 2022, imposes import restrictions on 367 goods determined as “non-essential” by the Ministry of …
Will continuously support Sri Lanka’s development: ADB President
Asian Development Bank (ADB) President Masatsugu Asakawa and Sri Lanka President Gotabaya Rajapaksa met Thursday (10th) in Colombo and it was reaffirmed by the …
Bond yields to extend further surge; rate hike expectations for 2022E increased: FCR
In light of the weaker economic conditions, First Capital Research believes that the CBSL will maintain the momentum on tightening policy rates resulting in …
Central Bank further tightens Monetary Policy Stance
The Monetary Board of the Central Bank, at its meeting held on 03 March 2022, has decided to reinforce its stance adopted in January 2022. Accordingly, it has …
Time for home-grown solutions is over; Seek international support immediately: Harsha
The country is in complete disarray today. Fuel is rationed at pumps, daily power cuts across the island, shortage of dollars to import essentials including …
“Opposition calls on Govt for urgent dialogue with them,” MP Harsha
Opposition parliamentarians have urged President Gotabaya Rajapaksa to initiate a dialogue with them to better understand the current economic issues facing …
Eran Wickramaratne reveals SJB’s economic policies
Explaining the economic policy of the future SJB government, Eran Wickramaratne M.P. said that the SJB has already decided to allow the use of chemical …
CBSL raises policy rates by 50bps; urges banks to swiftly increase deposit interest rates
Sri Lanka’s Central Bank has decided to adopt several policy measures with a view to strengthening macroeconomic stability. Accordingly, in consideration …
National single window: Paving way for paperless trade
By Mithara Fonseka and Kavishka Indraratna In 2016, Sri Lanka ratified its Trade Facilitation Agreement (TFA) with the WTO and in 2017 a Secretariat was …
15-pct food price increase in a single month; Advocata
Advocata’s Bath Curry Indicator (BCI) , which tracks the monthly changes in the retail price of food, recorded an increase of 15% from November 2021 to …
Opinion: Government heavy-handedness to blame for our currency woes
By Vinuja Singharachchige: Much is being said nowadays about the pressures the Sri Lankan Rupee is facing, but it is important that we understand the mechanics …
“Dark future looming as foreign reserve drop to USD 1.5Bn, lowest in history” Eran
The opposition alleged in Parliament that foreign reserves have dropped to US 1.5 billion dollars which included the gold reserves of US 300 million dollars. …
CBSL maintains policy rates; further acceleration of headline inflation expected
The Monetary Board of the Central Bank has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the …