• Release of 'Economic and Social Statistics of Sri Lanka - 2017' Publication

    The “Economic and Social Statistics of Sri Lanka – 2017” an annual publication of the Central Bank of Sri Lanka, is now available for public access.

    This publication contains economic and social indicators of Sri Lanka in the areas of national accounts, agriculture, industry, external trade and finance, government finance, banking and financial institutions, money and capital markets, prices and wages, population and labour force, transportation, education, health, telecommunication services, climate and selected information on economic and social indicators of other countries.

  • External Sector Performance - June 2017

    Sri Lanka’s external sector showed signs of revival with a significantly improved trade balance and continuous inflows to the government securities market in June 2017. A substantial growth in industrial and agricultural exports and a decline in importation of consumer and intermediate goods resulted in a notable improvement in the trade balance in June 2017. Inflows to the financial account were characterised by steady inflows to the government securities market while foreign investment in the Colombo Stock Exchange (CSE) also remained positive during the month. Other major receipts to the current account remained moderate with the decline in workers’ remittances while tourist earnings recorded a modest growth.

  • Appointment of a New Deputy Governor

    The Monetary Board, with the concurrence of the Hon. Minister of Finance, has promoted Assistant Governor, Mr. C J P Siriwardana to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from 19th August 2017.

    Mr. C J P Siriwardana has over 31 years of experience in the Central Bank especially in the areas of Economic and Price Stability, Financial System Stability and other Agency Functions carried out by the Central Bank. Prior to the appointment as a Deputy Governor, Mr. Siriwardana held the position of the Assistant Governor in-charge of Public Debt, Information Technology, Legal and Compliance, Macroprudential Surveillance, Human Resources, Policy Review and Monitoring, Payments and Settlement and Risk Management Departments. 

  • Inflation in July 2017

    Inflation, as measured by the change in the National Consumer Price Index (NCPI) (2013=100), which is compiled by the Department of Census and Statistics (DCS), remained unchanged from the previous month at 6.3 per cent in July 2017, on year-on-year basis. Both Food and Non-food categories contributed towards the year-on-year inflation in July 2017.

    The change in the NCPI measured on an annual average basis increased marginally from 6.1 per cent in June 2017 to 6.2 per cent in July 2017.

  • SL Purchasing Managers’ Index Survey - July 2017

    The Manufacturing Sector PMI recorded 54.3 in July which is a decrease of 1.8 index points compared to June 2017. This indicates that the manufacturing activities expanded, albeit at a slower rate in July 2017, mainly driven by the decrease in the Stock of purchases sub-index resulting from the usage of excess stock that was built up in the previous month and decrease in the Employment sub-index due to the difficulties in replacing unskilled employees to account for high labour turnover. New orders and Suppliers’ delivery time sub-indices moderated during the month while Production sub-index remained at the same level. However, all the sub-indices of PMI recorded values above the neutral 50.0 threshold signalling an overall expansion in July. Moreover, the Expectation for activities indicates an improvement for the next three months.

  • Views of the Central Bank of Sri Lanka on the National Payment Platform

    In response to the news articles circulating on Total Pay and ICTA, the Central Bank of Sri Lanka (CBSL) wishes to clarify matters to the public and provide an accurate account of events which transpired regarding the National Payment Platform (NPP), in order to deliver a holistic understanding of the prevailing situation.

  • Regulatory Action on a Primary Dealer - Pan Asia Banking Corporation PLC

    The Monetary Board of the Central Bank of Sri Lanka on 14th August 2017, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to suspend business activities of a Primary Dealer of Pan Asia Banking Corporation PLC (PABC) for a period of six months with effect from 10.00 a.m. on 15th August 2017.

  • Concessions on Loans Granted to Flood Affected Borrowers

    The Central Bank of Sri Lanka has permitted licensed banks to grant concessions to their borrowers who have been affected by the recent floods, adverse weather conditions and connected circumstances with a view to facilitating the recommencement of their businesses and normalization of their activities.

    Accordingly, licensed banks can;

  • The Financial Intelligence Unit-Sri Lanka enters into Memorandum of Understanding with the Financial Intelligence Unit of the Kingdom of Bhutan and China AML Monitoring and Analysis Centre

    The Financial Intelligence Unit of the Central Bank of Sri Lanka (FIU-Sri Lanka) entered into Memoranda of Understanding (MOUs) with the China AML Monitoring and Analysis Centre and Financial Intelligence Unit (FIU) of the Kingdom of Bhutan at the 20th Annual Meeting of the Asia/Pacific Group on Money Laundering (APG), held in Colombo during July 17-21, 2017, to share financial information in facilitating investigation and prosecution of persons suspected of being involved in Money Laundering and Terrorist Financing (ML and TF). Dr H Amarathunga, Director FIU-Sri Lanka signed the MOU with Ms Luo Yubing, Director General, China AML Monitoring and Analysis Centre and Mr Phajo Dorjee, Deputy Governor/Head of FIU, Royal Monetary Authority of Bhutan on behalf of the respective institutions.

  • Monetary Policy Review - No. 5 of 2017

    The Monetary Board, at its meeting held on 02 August 2017, was of the view that the current monetary policy stance is appropriate and decided to maintain the policy interest rates of the Central Bank of Sri Lanka at their present levels.

    In arriving at the above decision, the Monetary Board took into consideration current and expected developments in the domestic and international macroeconomic environment and the need to maintain inflation at mid-single digit levels over the medium term.

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