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Sri Lanka’s National inflation accelerates at alarming levels in February

Sri Lanka’s National inflation measured by the national Consumer Price Index (NCPI) accelerated to its highest levels since 2015 17.5 percent on a Year-on-Year basis in February 2022, the Department…

Sri Lanka’s Central Bank Withdraws Proposed additional incentive scheme for remittances and export earnings

Following the decision to float the exchange rate of the Rupee, the Central Bank of Sri Lanka (CBSL) announced the decision to withdraw the proposed┬áscheme for additional incentives for remittances…

Sri Lanka’s Central Bank Removes interest rate caps on forex deposits

The Central Bank of Sri Lanka (CBSL) has removed the interest rate caps imposed on foreign currency deposit products of licensed commercial banks and the National Savings Bank following its…