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Monday June 3rd, 2024
Monetary

Sri Lanka central bank buys $484mn from markets to Feb 2024

The central bank bought US$245.3 from banks in January 2024 and US$239.5mn in February

April 2, 2024 2 min read

Sri Lanka exporters protest rupee appreciation, forced conversion rules

Sri Lanka's central bank is operating deflationary monetary policy giving it full control of the exchange rate

April 1, 2024 8 min read

Sri Lanka optimistic about a positive outcome with bondholders: Minister

Hopeful of meeting IMF debt requirements to complete second review

April 1, 2024 1 min read

Sri Lanka current account in US$1.6bn surplus in 2023

In the December 2023 quarter Sri Lanka recorded a current account surplus of 237 million US dollars

April 1, 2024 3 min read
US Fed keep rates unchanged, reduces Treasuries sell-down

Fed would continue to sell-down mortgage backed securities

Sri Lanka inflation up 3.1-pct over 19-months, food down 4.6-pct

Consumer Price Index down for the past three months

Sri Lanka's central bank offers explain salary hike to parliament

Made a request through President to explain

February 25, 2024 1 min read
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Sri Lankans may need to wait for Monetary Board meeting minutes despite new Act

Many central banks release minutes of their monetary policy meetings to ensure transparency

February 23, 2024 2 min read

Sri Lanka political leadership accepts 5 to 7-pct inflation without protest

There had been no such negotiation or an ask for a lower rate

February 22, 2024 3 min read

Sri Lanka upfront import duties, para tariffs keep foreign investors out: ex-BOI chief

When you look at investment criteria the go 'go no go decision' is not made because of tax holiday

Nethmi Rajawasam
February 18, 2024 5 min read

Sri Lanka's central bank collects US$1.8bn from fx markets in 2023

Amid monetary stability provided by deflationary policy, the economy has started to recover and interest rates to fall

February 9, 2024 3 min read

Sri Lanka CB relaxes LCB restrictions for standing facility from Feb 16 to slash market rates

Fall of market interest rates has been slow compared to the central bank's policy rate cuts

February 8, 2024 2 min read

Maldives advised by IMF to run monetary policy to keep exchange rate peg unlike for Sri Lanka

Monetary and macroprudential policies need to be tightened to ensure compatibility with the exchange rate peg

February 7, 2024 3 min read

Sri Lanka repays debt or collects reserves of U$5bn via banking system since rate correction

Commercial Banks collect US$3.2bn net and central bank, $1.69bn net

February 7, 2024 5 min read

Sri Lanka transfers balance CPC forex crisis bank debt to government

State-run banks gave billions of dollar loans to the CPC as forex shortages emerged from inflationary rate cuts

February 5, 2024 4 min read

Sri Lanka central bank appoints six Assistant Governers

Appointments take effect from January 22

February 1, 2024 5 min read
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Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

US Federal Reserve keeps rates unchanged, amid recession concerns

US money supply trends have concerned some economists

February 1, 2024 2 min read

Sri Lanka inflation rises to 6.5-pct in Jan 2024, above 5.0-pct target

Prices up 6.0-pct since September 2022

January 31, 2024 1 min read

Sri Lanka workers in Maldives turn to Undiyal as banks limit dollars: legislator

There are people getting 1,000 to 3,000 dollars a month but they can send only 250 dollars or 300 back

January 25, 2024 4 min read

Sri Lanka central bank does not need govt capital yet: Governor

I think there is no need for us to seek recapitalization at this point

January 24, 2024 2 min read

Sri Lanka inflation to top 6.0-pct in early 2023: CB Governor

In the first couple of months there will be a some increase just above the middle path

January 24, 2024 1 min read

Sri Lanka rupee not a one-way bet, hedging instruments, deepening needed: CB Governor

Wants hedging instruments to hedge exposures for businesses

January 15, 2024 3 min read

Sri Lanka discussing program targets with IMF staff mission

It is kind of a fact finding or technical mission

January 12, 2024 1 min read

Sri Lanka talking to IMF team to drop VAT from travel firms

The biggest danger is if they start opening off-shore accounts

January 12, 2024 2 min read

Sri Lanka to review exchange controls, amend FX act

Sri Lanka's Foreign Exchange Act will also be amended in early 2024.

January 10, 2024 2 min read

Sri Lanka to have single policy rate, OMO auction schedule : CB Governor

Sri Lanka will reduce monetary policy meeting to six this year from the current eight

January 10, 2024 2 min read
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