Tag: CBSL
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CB Governor Nandalal fails to prevent economic contraction alleges SLUNBA
The Central Bank Governor Nandalal Weerasinghe has failed to take a firm decision to prevent the contraction of the economy causing the consumer market to shrink by 60% by April, the Sri Lanka United National Businesses Alliance (SLUNBA) alleged.
IMF Executive Board to decide on Sri Lanka’s US $ 2.9 billion EFF soon
The Executive Board of the International Monetary Fund (IMF) is set to decide on Sri Lanka’s Extended Fund Facility (EFF) at its meeting on 20 March.
CB offers more relief for MSMEs and Individuals affected by the economic crisis
The Central Bank has taken concessionary measures for the benefit of Micro, Small and Medium Enterprises (MSMEs) and Individuals affected by the present macroeconomic conditions.
SL’s economy steadily gains headway with macroeconomic resilience
Sri Lanka’s Central Bank says that the economy is steadily progressing as displayed in the latest economic indicators even though the country’s social instability with trade unions picketing campaigns and employee unrest posed a setback.
Sri Lanka pursues a flexible exchange rate policy from this week
Sri Lanka is set to institutionalize a ‘flexible’ exchange rate regime instead of a floating exchange through the central bank while continuing ‘flexible’ inflation targeting regime.