Central Bank of Sri Lanka

Sri Lanka's central bank held interest rates steady for a third straight meeting on Wednesday, as widely expected, saying the prevailing tight monetary stance is crucial to taming still-high inflation and restoring economic stability.With…

<!-- -->Sri Lanka Crisis: The nation of 22 million people is battling a devastating economic crisis.Colombo: Sri Lanka's central bank held its key interest rates steady on Thursday following a massive 700 basis points increase at its…

‘By 2024, we are confident we will be able increase reserves and put debt on a sustainable footing,’ he says. Sri Lanka is confident of not defaulting on its debt repayments and will work on gradually improving the quality of its…

The ratings agency also revised Sri Lanka’s growth forecast for 2021 to 3.3% from 3.8%, due to the surge in coronavirus cases in July-August. The beleaguered Sri Lankan economy faces substantial credit risk, with default ‘a real…