Sri Lanka eases monetary policy, sets new single benchmark rate
Sri Lanka's central bank set a new single policy rate of 8% on Wednesday, easing monetary settings below previously used benchmarks, in an effort to shore up the island nation’s fragile recovery from a deep financial crisis.
Sri Lanka Cuts Lending Rates After Debt Deal
Sri Lanka's central bank cut its benchmark interest rate Wednesday, after the government agreed to a debt restructure deal with international bond holders.
Sri Lanka Streamlines Monetary Policy to Single Benchmark Rate
Sri Lanka’s central bank said it will start using a single benchmark interest rate to manage monetary policy, starting from its next update on Wednesday, replacing its current system of two rates.
Sri Lanka eases monetary policy, sets new single key rate
Sri Lanka's central bank set a new single policy rate of 8% on Wednesday, aiming to catalyse the island nation’s nascent recovery from a deep financial crisis. Sri Lanka's central bank (CBSL) said late on Tuesday that it will implement a single policy interest rate mechanism by introducing an overnight policy rate instead of the existing rate corridor.
Sri Lanka Central Bank Governor on new policy rate
Central Bank of Sri Lanka Governor Nandalal Weerasinghe discusses the new benchmark policy rate and an effective rate cut. He discusses the progress of the IMF loan program which has helped stabilize the Sri Lankan economy.
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Sri Lanka records highest deflation since 1961
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IMF Managing Director Kristalina Georgieva Statement to the Financial Community on Sri Lanka
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Sri Lanka’s Cabinet approves restructuring of international sovereign bonds
The Cabinet of Ministers has approved the proposal for the restructuring of international sovereign bonds by way of swapping ...
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IMF reaches staff-level agreement on the third review under Sri Lanka’s Extended Fund Facility Arrangement
An International Monetary Fund (IMF) team led by Peter Breuer, Senior Mission Chief for Sri Lanka, visited Colombo from November 17 to 23, 2024. After constructive discussions in Colombo, Mr ...