The Central Bank of Sri Lanka (the Central Bank) released its inaugural Market Operations Report (MOR) with the aim of enhancing awareness and knowledge among the stakeholders on monetary operations carried out by the Central Bank in line with the prevailing monetary policy stance. The MOR would be a catalyst to improve transparency and accountability of the Central Bank under the Flexible Inflation Target (FIT) framework by effectively communicating the monetary policy implementation process.

Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 was recorded at 2.4% in July 2024. Inflation continued to remain below the targeted level of 5% even after this acceleration.