• SL Purchasing Managers’ Index (PMI) – January 2025

    Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in January 2025.

    Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 59.0 in January 2025, indicating a further expansion in manufacturing activities. All sub-indices contributed positively to this improvement.

  • The Central Bank of Sri Lanka releases the Monetary Policy Report – February 2025

    The Central Bank released its first Monetary Policy Report for 2025 in keeping with the requirements of the Central Bank of Sri Lanka Act, No. 16 of 2023. The Monetary Policy Report is published biannually, and the content of the current Report is based on information, which the Monetary Policy Board of the Central Bank considered in formulating the monetary policy decision during the January 2025 review.

  • Appointment of a High-Level Task Force on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) and Preparations for Sri Lanka’s Third Mutual Evaluation on AML/CFT Framework

    Sri Lanka’s third Mutual Evaluation on the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework coordinated by the Asia Pacific Group on Money Laundering (APG) is set to begin in the near future. During this upcoming Mutual Evaluation, Sri Lanka is required to demonstrate Technical Compliance with the 40 Recommendations of the Financial Action Task Force (the global policy setter on AML/CFT) and their effective implementation through 11 Immediate Outcomes.

  • CCPI-based headline inflation continued to remain in the negative territory in January 2025

    In line with the Central Bank’s near term projections, headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)  remained in the negative territory for the fifth consecutive month, recording a deflation of 4.0% in January 2025 compared to the deflation of 1.7% in December 2024.

  • External Sector Performance - December 2024

    The External Sector of the Sri Lankan economy improved notably in 2024, with the robust inflows to the current account for the second consecutive year and strengthened reserves.

  • SL Purchasing Managers’ Index (PMI) for Construction Industry – December 2024

    Sri Lanka Purchasing Managers’ Index for Construction (PMI - Construction), as reflected by the Total Activity Index, stood at 51.4 in December 2024, indicating a continued expansion in construction activities. However, most survey respondents emphasised the need for more large-scale construction projects to sustain the industry growth.

  • The Central Bank of Sri Lanka maintains the Overnight Policy Rate (OPR) at the current level

    The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 28 January 2025, decided to maintain the Overnight Policy Rate (OPR) of the Central Bank at its current level of 8.00 per cent. The Board arrived at this decision following a careful analysis of the current and expected macroeconomic developments on the domestic and global fronts. This decision was made with a medium-term view of ensuring that inflation converges to the target of 5 per cent, while supporting the economy to reach its potential. The Board observed that the current period of deflation, as projected earlier, has largely been an outcome of administratively determined energy price reductions. This trend is expected to continue over the next few months before inflation begins adjusting towards the targeted level in the second half of 2025.

  • Report on the Deviation of Headline Inflation from the Inflation Target Set Out in the Monetary Policy Framework Agreement

    In terms of Section 26(5) of the Central Bank of Sri Lanka Act, No. 16 of 2023 (CBA), if the Central Bank fails to meet the inflation target set out in the Monetary Policy Framework Agreement (MPFA) by a margin specified in the same for two consecutive quarters, the Monetary Policy Board is required to submit a report to Parliament through the Hon. Minister of Finance, which shall also be made available to the public. The MPFA signed between the Hon. Minister of Finance and the Central Bank, on 03 October 2023, stipulates the inflation target as 5 per cent and specifies the margin for the purpose of Section 26(5) of the CBA as ±2 percentage points.

  • Notice to General Public on Prohibited Pyramid Schemes

    Central Bank of Sri Lanka has conducted investigations and determined “21” number of companies including the following Companies, that have engaged in a scheme prohibited under Section 83 (C) of the Banking Act, No. 30 of 1988 as amended.

  • SL Purchasing Managers’ Index (PMI) – December 2024

    Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in December 2024.

    Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 57.2 in December 2024, indicating a further expansion in manufacturing activities. All sub-indices, except Employment, contributed positively to this improvement.

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