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Tag: Monetary Board

Sri Lanka Central Bank imposes 100% margin deposit requirement against Letters of Credit (LCs) for vehicle imports
BUSINESS

Sri Lanka Central Bank imposes 100% margin deposit requirement against Letters of Credit (LCs) for vehicle imports

The Monetary Board of the Central Bank of Sri Lanka has imposed a 100 percent margin deposit requirement against Letters…

byFaraz Shauketaly20/09/2018
Central Bank commences compensation payments to insured depositors of CIFL
BUSINESS

Central Bank commences compensation payments to insured depositors of CIFL

The Central Bank of Sri Lanka Monday announced that the compensation payments for insured depositors of Central Investments and Finance…

byFaraz Shauketaly28/08/2018
Sri Lanka maintains policy rates to sustain inflation at mid-single digit levels
BUSINESS

Sri Lanka maintains policy rates to sustain inflation at mid-single digit levels

Sri Lanka’s Central Bank releasing the monetary policy review on Friday said based on the current developments and outlook for…

byFaraz Shauketaly11/05/2018
Sri Lanka reduces lending rate to boost economic growth, dampen volatility in interest rates
BUSINESS

Sri Lanka reduces lending rate to boost economic growth, dampen volatility in interest rates

The Central Bank of Sri Lanka (CBSL) has decided to reduce the lending interest rate by 25 basis points with…

byFaraz Shauketaly04/04/2018
Central Bank rejects news report claimed State Minister’s request to implement ‘ICTA’s shoddy payment gateway’
BUSINESS

Central Bank rejects news report claimed State Minister’s request to implement ‘ICTA’s shoddy payment gateway’

The Central Bank today said a claim in a recent news item that State Minister of National Policies and Economic…

byFaraz Shauketaly29/03/2018
CB keeps policy rates unchanged: Economy currently operating below potential
BUSINESSMain Story

CB keeps policy rates unchanged: Economy currently operating below potential

Sri Lanka will keep policy rates unchanged in February as the economy is stabilizing with improvements in trade figures, the…

byFaraz Shauketaly15/02/2018
Sri Lanka Central Bank extends suspension of Perpetual Treasuries for another 6 months
BUSINESS

Sri Lanka Central Bank extends suspension of Perpetual Treasuries for another 6 months

The Central Bank of Sri Lanka has extended the suspension of Perpetual Treasuries (PTL) from carrying on business activities as…

byFaraz Shauketaly06/01/2018
CB takes over ETI Finance, Swarnamahal Financial
BUSINESSMain Story

CB takes over ETI Finance, Swarnamahal Financial

Panel appointed to manage the affairs of both companies Governor says two institutions are illiquid but not insolvent; rules out…

byFaraz Shauketaly03/01/2018
Sri Lanka maintains policy rates as fiscal sector records notable improvements in 2017
BUSINESS

Sri Lanka maintains policy rates as fiscal sector records notable improvements in 2017

Sri Lanka’s Central Bank releasing the monetary policy review on Thursday said environment it has decided to maintain current policy…

byFaraz Shauketaly28/12/201728/12/2017
Central Bank issues CIFL licence cancellation notice
BUSINESS

Central Bank issues CIFL licence cancellation notice

The Monetary Board of Central Bank of Sri Lanka issued a notice of cancellation of the licence issued to Central…

byFaraz Shauketaly06/12/2017

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