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Sri Lanka central bank keeps rates steady, says growth below potential

COLOMBO, Feb 15 (Reuters) - Sri Lanka's central bank held interest rates steady on Thursday, saying the economy is growing below potential, a widely expected decision that comes amid fresh political uncertainty after the ruling coalition government suffered a shock defeat in...


After two years of uncertainty and low growth, Sri Lanka’s economy is expected to have a better run in 2018 and beyond, driven by consumer demand, increasing government spending and a pick-up in exports with GSP Plus trade concessions to the EU taking effect, according to...

POLL-Sri Lanka cbank seen holding key rates steady ahead of budget

SDFR SLFR SRR * All 11 analysts predict all rates to be steady * Tight fiscal, monetary policies weigh on growth * Policy announcement due on Tuesday, Nov. 7 0200 GMT By Shihar Aneez COLOMBO, Nov 2 (Reuters) - Sri Lanka’s central bank is expected to keep its key...

1Q growth slumps to 3.8%

Scorched by drought, Sri Lanka’s growth slumped to 3.8% in the first quarter of 2017 from 5.3% recorded the previous year, the Census and Statistics Department said yesterday when releasing their latest statistics, with the agriculture sector’s contribution to GDP shrinking 3.2%...

Sri Lanka’s consumer price inflation hits record high on drought

Sri Lanka's consumer price inflation hit a record high of 6.8 percent in February under a new index, government data released on Tuesday showed, pushed up by the impact of a lingering drought and base-year effects. This could be a cause of concern as the central bank has said...

Risk-Free Ride To Retirement

Unlike in most years, giving retirement investment advice in 2016 is easier. In Echelon’s 2015 Retire Rich issue, I said “The opportunity is to stay in cash and not invest, but wait because assets become very cheap, both fixed income and equity, and then when the dust settles,...