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Sri Lanka

Foreign loan racketeers profiting while Sri Lanka’s regulatory bodies remain silent

The Anti-Corruption Force (ACF) has called on the Government and the Central Bank of Sri Lanka (CBSL) to urgently crack down on online...

Business

Central Bank outlines benchmarks ahead of fifth IMF review completion

Central Bank Governor Dr. Nandalal Weerasinghe says Sri Lanka has reached a staff-level agreement with the IMF on the completion of the fifth...

Business

Sri Lankan banks may struggle to attract deposits – CBSL

Sri Lanka’s banking and finance sector may face increasing difficulty attracting deposits to fund credit expansion under the current low-interest-rate environment, the Central...

Business

Central Bank has room to cut rates but will be cautious, says governor

The Central Bank of Sri Lanka (CBSL) has room to cut interest rates further but is treading carefully to preserve a buffer against...

Business

CBSL expected to cut policy rate by 25bps in Q3

The Central Bank of Sri Lanka (CBSL) is likely to cut policy rate by 25bps in the third quarter of 2025 to counter...

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...