Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met on 22 May 2025 in Colombo. Central Bank of Sri Lanka hosted the meeting for the second time, following the successful hosting of the RCG Asia meeting in April 2024.
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Central Bank of Sri Lanka hosted the FSB RCG Asia Meeting in Colombo on 22 May 2025
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The Central Bank of Sri Lanka further reduces the Overnight Policy Rate (OPR)
The Monetary Policy Board decided to reduce the OPR by 25 bps to 7.75% at its meeting held yesterday, thereby easing monetary policy further. The Board arrived at this decision after carefully considering the developments both domestically and globally. The Board is of the view that this measured easing of monetary policy stance will support steering inflation towards the target of 5%, amidst global uncertainties and current subdued inflationary pressures.
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SL Purchasing Managers’ Index (PMI) – April 2025
Purchasing Managers’ Indices indicate the seasonal contraction in Manufacturing activities and an expansion in Services activities in April 2025.
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Central Bank of Sri Lanka Launches the Sustainable Finance Roadmap 2.0
The Central Bank of Sri Lanka launched the Sustainable Finance Roadmap 2.0 on 05 May 2025 at the Atrium of CBSL, marking a key milestone in its continued efforts to foster a climate-resilient and socially inclusive financial system.
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External Sector Performance – March 2025
The external sector of the Sri Lankan economy continued to strengthen in March 2025, with the highest monthly current account surplus recorded since the commencement of compiling monthly current account statistics in January 2023.
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CCPI in April 2025 signals a further easing of deflationary conditions
The easing of deflationary conditions that commenced in March 2025 continued into April 2025, in line with the Central Bank’s near-term projections. Accordingly, headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100), recorded a slower pace of deflation at 2.0% in April 2025 compared to the deflation of 2.6% recorded in March 2025.
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Sri Lanka PMI - Construction indicates an expansion in March 2025
Sri Lanka Purchasing Managers’ Index for Construction (PMI - Construction), as reflected by the Total Activity Index, recorded a value of 54.3 in March 2025. Most of the survey respondents reported a continued expansion in construction work during the month, mainly attributed to the conducive environment with stable prices and favourable weather conditions.
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The Central Bank of Sri Lanka Releases the Publication on Financial Statements and Operations for the Year 2024
The publication on the Financial Statements and Operations of the Central Bank of Sri Lanka 2024, a requirement under Section 99(2) of the Central Bank of Sri Lanka Act, No 16 of 2023, was presented to His Excellency the President and the Minister of Finance, Planning and Economic Development, Anura Kumara Dissanayake, by Dr. Nandalal Weerasinghe, the Governor of the Central Bank of Sri Lanka, today, 29 April 2025.
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CBSL Governor and Secretary to the Treasury represent Sri Lanka at the Global Sovereign Debt Roundtable (GSDR)
Dr. Nandalal Weerasinghe, the Governor of the Central Bank of Sri Lanka, and Mr. K M M Siriwardana, Secretary to the Treasury, participated in the Global Sovereign Debt Roundtable (GSDR), which was held in Washington DC on 23 April 2025 on the sidelines of the Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG).
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IMF Reaches Staff-Level Agreement on the Fourth Review under the Extended Fund Facility with Sri Lanka
IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the Fourth Review of Sri Lanka’s reform program supported by the IMF’s Extended Fund Facility. Once the review is approved by the IMF Executive Board, Sri Lanka will have access to about US$344 million in financing.