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,
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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.
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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,
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Sri Lanka’s official worker remittances rose 23% year-on-year to US $697.3 million in July 2025,
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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,
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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.
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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 …
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Credit card usage in Sri Lanka is on the rise as economic stability returns and interest rates continue to decline.
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Sri Lanka has registered a remarkable 101% year-on-year (YoY) surge in realised foreign direct investment
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Sri Lanka’s economy is expected to grow by 3.5% this year, after recording 5% growth last year, according to the World Bank, showing signs of steady recovery from the 2022 financial crisis. However, the International Monetary Fund (IMF) warns that global trade issues, especially with the United States could slow down that progress. In a statement issued after completing its …
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