Banking and Financial Archives

CBSL says deflation to end in 3Q 2025

CNL Reporter
August 17, 2025
Banking and Financial, News
CBSL
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The Central Bank of Sri Lanka (CBSL) on Friday said it projected Sri Lanka’s economy to grow 4.5% in 2025,

Sri Lanka Banks Post Strong Profits on the back of Economic Stability

CNL Reporter
August 16, 2025
Banking and Financial
Sri Lanka Banks
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Sri Lanka’s banking sector has turned in a momentous performance so far this year with both state-owned and private lenders reporting sharp profit gains on the back of easing interest rates,

Sri Lanka’s central bank expects economy to grow by 4.5% in 2025

CNL Reporter
August 16, 2025
Banking and Financial, News
Central Bank
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Sri Lanka’s economy will grow by 4.5% this year, the central bank said in a monetary policy report on Friday, despite some risks to the island nation’s recovery from U.S. tariffs.

Sri Lanka targets 4–5% GDP growth in medium to long-term

Sri Lanka is striving to achieve 4–5% GDP growth in the medium to long-term in comparison to the baseline requirement of 3% set by the International Monetary Board (IMF) to achieve debt sustainability,

Sri Lanka’s Remittances Surge 23% in July amid growth in Labour Migration

Sri Lanka’s official worker remittances rose 23% year-on-year to US $697.3 million in July 2025,

Sri Lanka foreign reserves marginally up in July to US$6.1bn

CNL Reporter
August 9, 2025
Banking and Financial, Sports
Sri Lanka
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Sri Lanka’s gross foreign reserves edged up by 64 million US dollars in July 2025 to 6,144 million US dollars,

Central Bank aims to boost daily digital payments by 30%

CNL Reporter
August 1, 2025
Banking and Financial
Central Bank
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The Central Bank of Sri Lanka (CBSL) plans to increase the daily digital payment volume by about 30%, a senior official said during a public event promoting digital transactions.

Central Bank,SL holds rates amid U.S. Tariff talks

The Central Bank of Sri Lanka has kept its main interest rate steady at 7.75%, saying the current policy is right for the country’s recovering economy. However, the bank also said it might lower rates again later this year if inflation stays low. Central Bank Governor Dr. Nandalal Weerasinghe said inflation is expected to rise slightly in the coming months …