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Sri Lanka’s Central Bank Cut SRR by 2 %

In a bid to increase market liquidity, the Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 8 August 2023, decided to reduce the Statutory…

Analysts see a 50% probability for CBSL to maintain the policy rates at its current levels

First Capital Research (FCR) predicts a 50% probability for the Central Bank of Sri Lanka (CBSL) to maintain the policy rates at its current levels at this week’s monetary policy…

Sri Lankan rupee appreciates by nearly 20% aginst USD

As of last As per the Central Bank data, the buying rate of a US dollar was Rs.295.62 while the selling rate was Rs.305.82 according to the Central Bank. In addition,…

Sri Lanka’s Central Bank Printed Rs.77.05 billion in Q1

Central Bank of Sri Lanka (CBSL) printed Rs.77 05 billion in the first quarter of this year compared to a record Rs.588 billion a year ago. Money printing in March…

Inter-relationship between related government institutions critical to enhance the Ease of Doing Business Rankings

When dealing with raising the value of Sri Lanka’s ease of doing business index, there should be an inter-relationship between related government institutions, Madhura Withanage said. He made these remarks…

Five Banks face financial penalties over non-compliance with AMT/CFT rules

Sri Lanka’s s regulator for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Financial Intelligence Unit (FIU)fined five banks for non-compliance with the provisions of the e Financial Transactions…

Sri Lanka’s Central Bank threatens administrative measures to bring down market rates

(Reuters) – Sri Lanka’s central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with its policy rates and the…

Ceylon Chamber makes clarion call for independence of Central Bank

The Ceylon Chamber of Commerce (CCC) is firmly of the view that institutions such as the Central Bank of Sri Lanka should be allowed to function independently in performing its…

Four reasons to consider domestic debt restructuring

Sri Lanka faces a challenge to emerge from the continuing crisis. A recent publication by VERITÉ Research argues that domestic debt restructuring (DDR) provides four benefits critical for the economy…

Sri Lanka holds rates as crisis-hit economy banks on govt reforms, IMF bailout

The Central Bank of SRI Lanka held policy rates steady on Thursday (Oct 6), saying monetary conditions remain “sufficiently tight” after a massive rate-hike campaign earlier in the year as…