According to the Central Bank of Sri Lanka, the country experienced a deficit in its external current account for April 2026, contrasting with the surplus […]
Category: Economy
Coverage of macroeconomic trends, fiscal and monetary policy, public finance, inflation, debt, and structural reforms impacting the national economy.
Sri Lanka’s Inflation Hits 27-Month Peak in May 2026 Due to Surge in Fuel Prices
FINANCIAL CHRONICLE – In May 2026, Sri Lanka’s inflation rate, as indicated by the Colombo Consumer Price Index (CCPI), surged to its highest level in […]
Fitch Ratings: Sri Lanka’s Restrictions on Vehicle and Gold Loans Enhance Lenders’ Risk Profiles
Fitch Ratings, based in Colombo, reported on May 28, 2026, that Sri Lanka’s newly implemented stricter macroprudential regulations concerning vehicle and gold-backed lending are expected […]
Sri Lanka Secures $695 Million from IMF Amidst Import Restrictions and Payment Delays
FINANCIAL CHRONICLE – The International Monetary Fund (IMF) has announced the approval of a payment of $695 million to Sri Lanka as part of its […]
The Rate Hike That Bites Twice
Energy, Interest Costs & The New Squeeze On Sri Lanka’s Recovery Sri Lanka’s economy has just received another reminder that recovery is not the same […]
Sri Lankan importers rushed to secure dollars at rates between Rs380 and Rs400, reveals Central Bank Governor.
FINANCIAL CHRONICLE – Central Bank Governor Nandalal Weerasinghe has reported that anxious importers have recently acquired US dollars at rates ranging from 380 to 400 […]
Sri Lanka’s Central Bank Raises Interest Rates by 100 Basis Points to 8.75%
FINANCIAL CHRONICLE – The Central Bank of Sri Lanka has raised its interest rates by 100 basis points, bringing the Overnight Policy Rate (OPR) to […]
Sri Lanka’s Central Bank cautions citizens against misinformation regarding currency printing allegations.
FINANCIAL CHRONICLE – The Central Bank of Sri Lanka has cautioned the public against being misled by certain groups that lack the expertise to accurately […]
Sri Lanka Set to Establish Embassy in Wellington Amid Foreign Minister’s Trip to Australia and New Zealand
FINANCIAL CHRONICLE – Vijitha Herath, the Foreign Minister of Sri Lanka, is scheduled to inaugurate the Sri Lanka High Commission in Wellington during his upcoming […]
Lack of transparency in EPF poses risks to private sector savings in Sri Lanka, warns Verite Research.
Sri Lanka’s largest pension fund, the Employees’ Provident Fund (EPF), has been found to have lower transparency and disclosure standards compared to publicly listed companies, […]
Sri Lanka’s Central Bank Imposes Limits on Gold Loan Ratios and Restricts Vehicle Financing
FINANCIAL CHRONICLE – The Central Bank of Sri Lanka has set a new maximum loan-to-value (LTV) ratio of 70 percent for loans backed by gold, […]
IMF, Island Realities & the 2028 Question
Can Sri Lanka Really Start Paying The World Again? Sri Lanka today speaks increasingly the language of recovery. Growth. Stability. Reserves. Fiscal discipline. Primary surpluses. […]
Sri Lanka Sees Surge in Vehicle LC Openings with Over 9,400 in a Single Day Following 50% Surcharge, Reports Official
FINANCIAL CHRONICLE – On the initial day of implementation, over 9,400 letters of credit (LCs) were issued for the import of new personal vehicles in […]
Sri Lanka’s Dollar Fragility and the SWAP Time Bomb
Sri Lanka’s foreign reserve position is once again under intense scrutiny after the latest data released by the Central Bank of Sri Lanka exposed a troubling reality […]
IMF’s Dollar Obsession and Nandalal’s Monetary Gamble Push Sri Lanka Deeper Into Economic Pain
Sri Lanka’s economic crisis may no longer be making global headlines, but for ordinary citizens the pain is far from over. A rapidly depreciating rupee, […]
IMF Mission Leader Supports Sri Lanka’s Adaptation Amid Significant Rupee Decline
FINANCIAL CHRONICLE – Evan Papageorgiou, the International Monetary Fund’s Mission Chief for Sri Lanka, has emphasized the importance of allowing the country’s economy to adapt […]
Opposition Leader Urges Immediate Negotiations for a New IMF Agreement in Sri Lanka
FINANCIAL CHRONICLE – Sajith Premadasa, the Leader of the Opposition in Sri Lanka, has called on the government to engage in discussions for a new […]
Sri Lanka Customs reaches 65% of May revenue goal within the initial 18 days.
FINANCIAL CHRONICLE – According to official statistics, Sri Lanka Customs has achieved nearly 65 percent of its revenue goal for May 2026 within the first […]