Restoring forex market stability – would a mere currency devaluation suffice?
On 7th March 2022, the Central Bank of Sri Lanka (CBSL) announced that it would allow greater flexibility in the exchange rate and hence devalued...
Insights
Sri Lanka plantations at a fork in the road, thrive or survive?
Plantation industry is one of the oldest industries in Sri Lanka and plays a pivotal role in bringing foreign exchange earnings to the country...
Budget 2022 | Fiscal weakness to persist next year
In our assessment, for Sri Lanka to achieve meaningful economic outcomes from the budget, far-reaching reforms have to be carried ...
Pandemic to Endemic | Implications for Sri Lankan Economy
Increasingly, many experts feel transitioning to an endemic is a realistic endpoint for the current pandemic. Endemic means the ...
Monthly
Updates
August 2022
In August, the Central Bank of Sri Lanka opted to maintain the policy rates at their existing levels, since they believed that existing contractionary ...
July 2022
In July, the Central Bank of Sri Lanka opted to raise the policy rates by 100 bps which caused call and repo rates to adjust upwards towards the new upper bound ...
June 2022
The money market rates continued to remain at the same level during the month as call and repo rates continued to hover at the upper bound of the ...
May 2022
The call and repo rates continued to hover at the upper bound of the policy corridor of 14.5%. Call and repo volumes declined to near zero levels...