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Inflation in December 2018

Headline inflation as measured by the year-on-year change in the National Consumer Price Index (NCPI, 2013=100) decreased to 0.4 per cent in December 2018 from 1.0 per cent in November 2018. The decrease observed in year-on-year inflation in December 2018 is driven by the decrease of prices of items in both Food and Non-food categories. Year-on-year Food inflation decreased to -4.5 per cent in December 2018 from -3.9 per cent in November 2018 while year-on-year Non-food inflation also decreased from 5.2 per cent in November 2018 to 4.7 per cent in December 2018.

The change in the NCPI measured on an annual average basis decreased to 2.1 per cent in December 2018 from 2.7 per cent in November 2018.

Malicious Phishing Attempt Impersonating Central Bank

It has been reported to the Central Bank of Sri Lanka (CBSL) that a phishing attempt  has been initiated targeting mainly the financial institutions of Sri Lanka and the phishing emails appear to be sent from the Employees Provident Fund (EPF) Department of  CBSL with the subject “Notice From Central Bank Of Sri Lanka EPF". The content of the email was reported to be with links to malicious web sites and downloadable malicious software.

The CBSL wishes to inform the general public and institutions that the EPF Department  of CBSL has not  sent out such emails. The public and institutions are adviced  to be alert of this ongoing phishing attempt and  not  open suspicious emails with the subject “Notice From Central Bank Of Sri Lanka EPF" or open its  attachments or click  on any  of its links. 

 

Issuance of Treasury Bills to the Central Bank

The Central Bank of Sri Lanka (CBSL) subscribed to Treasury bills (T-bills) amounting to Rs. 90 billion in January 2019 at the request of the Treasury to assist financing needs of the government due to the delay in receiving expected foreign currency financing arrangements as envisaged in the Treasury’s cash flow for the month of January 2019. The Monetary Board has acceded to the Treasury’s request in the national interest and under exceptional circumstances.

Having reviewed the macroeconomic consequences of subscribing to T-bills by the CBSL, the Government has agreed to reverse part of the transaction in February and the balance during the first quarter of 2019 once the Government's borrowing programme is brought back on track with realisation of expected financial arrangements.

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