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Sri Lanka

No relief in reality: Cost of living has doubled since 2021

The Central Bank of Sri Lanka (CBSL) has revealed that the cost of living for individuals in the country has doubled since 2021,...

Business

CBSL reduces Overnight Policy Rate to 7.75%

The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Overnight Policy Rate (OPR) by 25...

Sri Lanka

Sri Lanka’s central bank holds rate to support economic recovery

Sri Lanka’s central bank kept its key policy rate unchanged for a second consecutive meeting on Wednesday to underpin the island nation’s economic...

Sri Lanka

Central Bank Governor explains potential impact of US tariffs on Sri Lanka’s economy

Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, shared a detailed analysis of how changes in US trade policies could...

Business

CBSL updates list of prohibited pyramid schemes

The Central Bank of Sri Lanka (CBSL) has issued a special notice regarding prohibited pyramid schemes. According to the notice, the CBSL has...

Sri Lanka

Sri Lanka’s economy projected to grow 5% in 2024 – CBSL Governor

Sri Lanka’s economy was estimated to have grown by 5.2 percent in the first three quarters of 2024, with key economic sectors recording...