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.
Hiru News2h
IMF head Kristalina Georgieva lauds Sri Lanka's progress in economic reforms
IMF head Kristalina Georgieva lauds Sri Lanka's progress in economic reforms. Most visited website in Sri Lanka.
International Monetary Fund23h
IMF Managing Director Kristalina Georgieva Statement to the Financial Community on Sri Lanka
Washington, DC: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement about Sri Lanka to Members of the Financial Community today: ...
Ada Derana1d
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 ...
Hiru News3h
IMF calls for high Creditor participation in Sri Lanka’s debt operations
The International Monetary Fund (IMF) has emphasized the critical need for high creditor participation in Sri Lanka’s ongoing ...
devdiscourse4d
Sri Lanka's Financial Renaissance: IMF's Strategic Support and Challenges Ahead
The International Monetary Fund's latest review of Sri Lanka's $2.9 billion bailout highlights both emerging recovery signs ...
TheStreet.com1y
Sri Lanka’s Economic Collapse: A Timeline
Eventually, the country’s government resorted to asking for emergency aid from the International Monetary Fund in September 2022. Starting around 2016, Sri Lanka's economy was beset by a ...
BBC2y
Sri Lanka: Why is the country in an economic crisis?
The International Monetary Fund is lending Sri Lanka $3bn (£2.4bn) to help it deal with its worst economic crisis in its history as an independent nation. Soaring prices, shortages of ...
devdiscourse4d
IMF Approves Third Review of Sri Lanka's Bailout Amid Economic Vulnerability
The International Monetary Fund has approved the third review of Sri Lanka's $2.9 billion bailout, providing an additional ...
Reuters12d
Sri Lanka
Sri Lanka's central bank likely to resume rate cuts to foster growth The International Monetary Fund (IMF) approved the third review of Sri Lanka's $2.9 billion bailout on Saturday but ...