The Latest Breaking News from Central Bank of Sri Lanka

Sri Lanka seen holding rates as inflation fight continues; IMF deal key

The Central Bank of Sri Lanka (CBSL) is widely expected to hold interest rates steady this week, having raised them last year to their highest in more than two decades in order to fight runaway inflation while seeking an International Monetary Fund bailout.

Reuters · Jan 23, 2023

How did Sri Lanka run out of money? 5 graphs that explain its economic crisis

Sri Lanka is facing its worst economic crisis in modern history. Its 22 million strong population is struggling with huge price increases for food, power, medicines and other necessities. That’s if they can get them at all, with private motorists spending hours queuing for their fuel quota.

The Conversation · Jul 25, 2022

Sri Lanka's crisis: Can the South Asian economy break from the past and find a route to stability?

Sri Lanka has a new president and prime minister – but a change in who leads the crisis-hit South Asian nation alone will not solve the country’s severe economic problems.

The Conversation · Jul 22, 2022

Sri Lanka teeters on economic edge, from pandemic-fueled financial crisis and Ukraine war spillovers

An unprecedented economic crisis is unfolding in Sri Lanka. And while the country’s problems have been brewing for years, spillovers from the crisis in Ukraine have sent the island nation over the edge.

The Conversation · Mar 31, 2022

Explained: Why Sri Lanka is facing its worst economic crisis in decades

NEW DELHI: The Sri Lankan economy has been facing one of its worst ever economic crisis, resulting from mismanaged government finances and ill-timed tax cuts, besides the impact of the Covid-19 pandemic.

The Times of India · Mar 29, 2022