CB sends shockwaves with 700bps policy rate hike to arrest inflation

The Monetary Board of the Central Bank under the newly-appointed Governor Dr. Nanadalal Weerasinghe yesterday delivered a whopping 700 basis point policy rate hike, though many expected a milder hike in the range of 200 to 300 basis points.

Daily Mirror

2022-04-08

සබැඳි පුවත් සහ විශ්ලේෂණ

IMF third tranche hinges on proposed PFM Act: Dr....

The proposed Public Financial Management (PFM) Act is crucial for securing the disbursement of the third tranche of the IMF's $3 billion bailout package.

වැඩිදුර විස්තර

National consumer prices soften in March

Consumer prices in Sri Lanka, as measured by the National Consumer Price Index (NCPI), exhibited a softening trend in March. While the broader index showed a 2.5 percent increase from a year earlier, down from 5.1 percent in February, monthl...

වැඩිදුර විස්තර

Iran President to open Sri Lanka $514mn irrigation...

Uma Oya, led by Iran's FARAB engineering, combines irrigation, hydropower, and water supply, benefiting Sri Lanka's Moneragala district. It boasts 120MW hydroelectric capacity, gen...

වැඩිදුර විස්තර

සියලු මාතෘකා