• CCPI based Inflation increased marginally to 4.2 per cent in December 2020

    Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) increased marginally to 4.2 per cent in December 2020 from 4.1 per cent in November 2020. This was driven by monthly increase of prices of items in both Food and Non-food categories. Meanwhile, Food inflation (Y-o-Y) decreased to 9.2 per cent in December 2020 from 10.3 per cent in November 2020. However, Non-food inflation (Y-o-Y) increased to 2.0 per cent in December 2020 from 1.6 per cent in November 2020.

    The change in the CCPI measured on an annual average basis remained unchanged at 4.6 per cent in December 2020 for the third consecutive month.

  • The Central Bank of Sri Lanka issues an Uncirculated Commemorative Coin to mark its 70th Anniversary

    The Central Bank of Sri Lanka (CBSL) commenced operations in August 1950 and completed 70 years of its unique and valued contribution to the prosperity of Sri Lanka. To mark its 70th Anniversary, CBSL has decided to issue an uncirculated commemorative coin in the denomination of Rupees 20 with the following key features.

  • Sri Lanka Prosperity Index - 2019

    Sri Lanka Prosperity Index (SLPI), recorded 0.802 in 2019 compared to 0.811 in 2018, with marginal declines of ‘Economy and Business Climate’ and ‘Socio-Economic Infrastructure’ sub-indices. Meanwhile, the ‘Well-being of the People’ sub-index has improved during the year.

  • Announcement of the Road Map: Monetary and Financial Sector Policies for 2021 and Beyond

    The Road Map: Monetary and Financial Sector Policies for 2021 and Beyond will be announced by the Governor of the Central Bank of Sri Lanka (CBSL) on Monday, 04th January 2021.

    The Road Map presentation will be virtual due to prevailing COVID -19 pandemic situation, and the video will be made available through the CBSL website on Monday, 04th January 2021 at 11.00 a.m.

  • The Central Bank takes Steps to Stem the Undue Depreciation of the Rupee

    The Central Bank is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable. Accordingly, among other measures, the Central Bank will take appropriate action aggressively hereafter to contain this volatility in the domestic foreign exchange market. The Central Bank expects that these actions, together with the continuation of the curtailment of non-essential imports, will enable the Rupee to appreciate within the next few days towards the levels of below Rs. 185 per US dollar observed in November 2020.

  • NCPI based Inflation decreased in November 2020

    Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100) decreased to 5.2 per cent in November 2020 from 5.5 per cent in October 2020. This was due to the statistical effect of the high base prevailed in November 2019. Meanwhile, Food inflation (Y-o-Y) decreased to 9.4 per cent in November 2020 from 10.6 per cent in October 2020, whereas Non-food inflation (Y-o-Y) increased to 1.7 per cent in November 2020 from 1.5 per cent in October 2020.

  • Provincial Gross Domestic Product - 2019

    Nestling the commercial and administrative capital of the country, Western province continued to be the forerunner of the economy. However, its share declined, contributing to narrowing of regional disparity.

    Western province secured the largest share (39.1 per cent) of the country’s nominal GDP. However, due to improved contribution from the other provinces, the share declined by 0.5 per cent from 2018. Central (11.5 per cent) and North Western (10.7 per cent) provinces were ranked at second and third positions, respectively.

  • Appoinment of New Deputy Governors

    The Monetary Board, with the concurrence of the Hon. Minister of Finance, has promoted Assistant Governors, Mrs. T M J Y P Fernando and Mr. N W G R D Nanayakkara to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from 14th December 2020.

  • Sri Lanka Purchasing Managers’ Index - November 2020

    PMI for Manufacturing sector expanded in November 2020, while PMI for Services sector edged up compared to the previous month yet remained below the threshold level.

    Manufacturing PMI bounced to 57.6 in November 2020 with an increase of 17.3 index points compared to October 2020. The significant increase in new orders, particularly in the manufacture of textile &  wearing  apparel and food & beverages sectors, has mainly contributed to thisconsiderable improvement. Increase in Production  sub-index, mainly on account of the manufacture  of textile  &  wearing  apparel  and  non-metallic  mineral  products sectors, together with lengthening of the Suppliers' Delivery Time across all sectors have alsocontributed to the overall increase in the Manufacturing PMI.

  • External Sector Performance - October 2020

    In October 2020, Sri Lanka’s external sector exhibited its resilience with the successful repayment of the matured International Sovereign Bond (ISB) of US dollars 1.0 billion. During the month, external sector performance was supported by the continued improvement in the trade deficit, increase in workers’ remittances and the resultant stability in the domestic foreign exchange market. While imports continued to be restrained under low global oil prices and import restrictions imposed by the Government, exports dropped in October 2020 due to the disruptions to local production and support services following the resurgence of COVID-19 cases since early October and weak demand from foreign buyers. Workers’ remittances continued to record a year-on-year growth during the month.

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