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13
Aug

Sri Lanka cbank switches to public bond auctions after scandal

Sri Lanka's central bank has formally announced that it will issue all treasury bonds by public auction, and no longer by direct placement, responding days before a parliamentary election to criticism of a controversial offering in February. In a statement, the central bank...
24
Jul

Sri Lanka holds rates at record lows, inflation seen easing

Sri Lanka's central bank kept key policy rates steady at record lows on Friday, ahead of parliamentary elections in August and as inflation is expected to ease in the next few months. With economic activity picking up on recovering bank lending and investment, the central bank...
13
Mar

Heavy borrowing of over $ 1 b by Govt. props rates

The Government borrowed more than $1 billion in four days, mostly through local Government securities, Central Bank data showed on Thursday, with economists blaming poor revenues and higher expenditures for the move. The Public Debt Department of the Central Bank borrowed Rs....
12
Mar

Lankan economy outlook, Bourse, mid-cap stocks analysed at SMB Investor Forum

Sri Lanka’s macroeconomic outlook, potential investment opportunities in mid-cap stocks and potential movements in the Sri Lankan rupee were among a range of topics analysed at an investor forum – the first in a planned series of workshops – organised by stockbroking firm SMB...
26
Jan

Sri Lanka central bank keeps policy rates steady at record lows

Sri Lanka's central bank kept key policy rates steady at record lows for a 12th straight month on Tuesday, as expected, and said inflation was expected to ease further with the economy expected "to record a robust performance" in the period ahead. It left the standing deposit...
21
Jan

Sri Lanka to settle $500 mln bond maturing on Thursday – officials

Sri Lanka will draw on its foreign currency reserves to settle a five-year $500 million sovereign bond maturing on Thursday, central bank officials said, a move analysts say would put pressure on interest rates and the rupee. The officials said the authorities had opted...
19
Jan

Dim Sum Sri Lankan Style

Sri Lanka may become an early issuer of Chinese yuan-denominated sovereign bonds to the international financial market, not only to diversify reserves and contain exchange risks in debt repayment and trade, but also to establish itself as a regional hub for this type of debt,...
18
Nov

Sri Lanka holds rates at record lows as credit picks up, inflation benign

Sri Lanka's central bank kept key policy rates steady at record lows for a 10th straight month on Tuesday, and said stable inflation and steady credit expansion should help the economy grow by around 8 over this year and next. Ajith Nivard Cabraal, the central bank governor,...
16
Oct

Sri Lanka holds rates at record lows as credit picks up

Sri Lanka's central bank kept key policy rates steady at record lows for a ninth straight month on Friday, as expected, saying that private sector credit growth is picking up and that longer term lending rates are adjusting downwards. The standing deposit facility rate (SDFR)...