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Sri Lanka inflation to reach 5% during Q3-Q4 - World

COLOMBO: Sri Lanka’s inflation is expected to return to the government’s 5% target starting from the last two...

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Sri Lanka cuts rates to boost growth, signals pause in further easing - Business & Finance

COLOMBO: Sri Lanka’s central bank lowered interest rates on Friday in an unexpected move to boost growth but...

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IMF's second tranche finalisation to Sri Lanka in December: central bank governor

International Business News: The second tranche of the USD 2.9 billion IMF bailout for cash-strapped Sri Lanka will be finalized within a month, according to the central bank gove

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Sri Lanka expects IMF board approval of first review next month: central bank chief - World

COLOMBO: Sri Lanka expects the International Monetary Fund to approve the first review of its bailout programme next...

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Sri Lanka central bank resumes rate cuts to boost growth

COLOMBO (Reuters) -Sri Lanka's central bank resumed interest rate cuts on Thursday to boost growth and as the government seeks to lift revenue and repair its balance sheets in a bid to secure continued financial support from the International Monetary Fund. The Central Bank of Sri Lanka (CBSL) lowered the standing deposit facility rate and the standing lending facility rate by 100 basis points each to 10% and 11%, respectively, it said in a statement. "The Board arrived at this decision following a careful analysis of the current and expected developments," the CBSL said in the statement.

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Sri Lanka Holds Rates After Bank Cash Ratio Cut for Growth

(Bloomberg) -- Sri Lanka stood pat on borrowing costs for the first time in three meetings, after slashing the cash ratio for banks to bolster domestic liquidity and growth. Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Markets WrapGoldman Is Cracking Down on Employees That Aren't in Office

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Indian Rupee not legal tender for domestic payments: Sri Lanka Central Bank

Sri Lanka's Central Bank said on Wednesday that no domestic transactions would be allowed with the Indian Rupee in the island country, as it warned people not to be misled by inaccurate information surrounding the issue.

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Sri Lanka cuts rates by 250 bps, signals rebound from crisis - Markets

COLOMBO: Sri Lanka’s central bank cut its key interest rates by 250 basis points on Thursday as inflation eased,...

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SL to sign deal with India to shift to renewable energy for power generation

SL sign a MoU with India to promote renewable energy, the nation aims to generate 70% of its electricity requirements from renewable sources.

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Sri Lanka to keep rates high to combat inflation, await IMF deal

Sri Lanka to keep rates high to combat inflation, await IMF deal
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