News
Deflation was beneficial to Sri Lanka, not harmful: CB Governor
3+ hour, 59+ min ago (1666+ words) Monday March 30, 2026 7:28 am ECONOMYNEXT " Sri Lanka's recent low inflation, and "deflation' in some 12 month period has been beneficial to the country allowing growth to recover, Central Bank Governor Nandalal Weerasinghe has said. "There would only be a problem regarding that…...
ADB warns West Asia conflict threatens Asia-Pacific growth
3+ day, 11+ hour ago (1725+ words) Thursday March 26, 2026 11:33 pm MANILA, PHILIPPINES (26 March 2026) " The conflict in the Middle East could lower economic growth in developing Asia and the Pacific by up to 1.3 percentage points over 2026-2027 and raise inflation by 3.2 percentage points if energy market disruptions last more…...
Sri Lanka GDP grows 4.8-pct in 4Q, full year 5.0-pct in low inflation
1+ week, 4+ day ago (1738+ words) Wednesday March 18, 2026 10:26 am ECONOMYNEXT " Sri Lanka's economy grew 4.8 percent in the fourth quarter of 2025, with full year growth estimated at 5.0 percent helped by lower inflation and exchange rate stability, the state statistics office said. Sri Lanka's economy grew 5.6 percent in…...
Sri Lanka’s choices in unsound money, inflation in the historical context
1+ mon, 2+ week ago (1833+ words) Thursday February 12, 2026 7:12 am ECONOMYNEXTX " Sri Lanka is now emerging from a peacetime (Latin America style) external sovereign default triggered by extreme macro-economic policy to target potential output with high inflation with the help of unsound money. Sri Lanka has had…...
Sri Lanka’s choices in unsound money, inflation and social unrest in the historical context
1+ mon, 2+ week ago (1830+ words) Thursday February 12, 2026 7:12 am ECONOMYNEXTX " Sri Lanka is now emerging from a peacetime (Latin America style) external sovereign default triggered by extreme macro-economic policy to target potential output with high inflation with the help of unsound money. Sri Lanka has had…...
Sri Lanka’s Central Bank keeps its OPR unchanged at 7.75, as expected
2+ mon, 2+ day ago (1455+ words) Wednesday January 28, 2026 7:39 am ECONOMYNEXT " Sri Lanka's Central Bank kept its Overnight Policy Rate (OPR) unchanged at 7.75 percent at at its meeting held on Tuesday, the Bank said in a statement.. The OPR has been steady since May last year. Here…...
Sri Lanka rupee trading weaker, bond yields steady
2+ mon, 3+ week ago (1737+ words) Wednesday January 7, 2026 11:32 am ECONOMYNEXT " Sri Lanka's rupee was quoted weaker at 310.10/20 to the US dollar in the spot market Wednesday, from 310.00/10 the previous day, dealers said, while bond yields opened broadly steady. Analysts have warned the central bank not to…...
Sri Lanka current account surplus $82mn in Nov 2025, rupee falls faster
2+ mon, 4+ week ago (1733+ words) Thursday January 1, 2026 12:33 pm ECONOMYNEXT " Sri Lanka has recorded an 82 million dollar surplus in the external current account in November 2025, central bank data showed, with the rupee falling faster than the deficit month of October. According to revised data, Sri Lanka…...
Sri Lanka budget deficit down 73-pct, current account Rs304bn in surplus to Nov
3+ mon, 1+ day ago (1756+ words) Sunday December 28, 2025 10:32 pm ECONOMYNEXT " Sri Lanka's overall budget deficit fell 73 percent to 325 billion rupees and revenues grew 35.5 percent to 4945 billion rupees, as economic activity recovered and the central bank maintained monetary stability, missing its inflation target. Up to November, there…...
Sri Lanka budget deficit down 73-pct, current account in surplus to November
3+ mon, 1+ day ago (1773+ words) Sunday December 28, 2025 10:32 pm ECONOMYNEXT " Sri Lanka's overall budget deficit fell 73 percent to 325 billion rupees and revenues grew 35.5 percent to 4945 billion rupees, as economic activity recovered and the central bank maintained monetary stability, missing its inflation target. Tax revenues grew 36.8 percent…...