Central Bank decides to continue with tight monetary policy

Viber cuts business ties with Facebook

Rakuten Viber, one of the world?s leading messaging apps for free and secure communication, announces it will cut all business ties with Facebook. The messaging app will remove Facebook Connect, Facebook SDK, and GIPHY, as well as cease all ad spending on the social networking platform, leveling up the growing #StopHateForProfit movement to boycott the tech goliath. Amid the protests that broke out all over the U.S. over the past few weeks, a group of six organizations, including the Anti-Defam

26 Jun, 2020

Central Bank further reduces policy rates to support economic activity

The Monetary Board of the Central Bank of Sri Lanka, at a special meeting held today (06 May 2020), reviewed the current monetary policy stance and decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points to 5.50 per cent and 6.50 per cent, respectively, effective from the close of business on 06 May 2020. The Board arrived at this decision considering the necessity to further support the economy to weather

06 May, 2020

Central Bank report notes Sri Lanka’s economy suffered last year

The Annual Report of the Monetary Board of the Central Bank of Sri Lanka released today, noted that the economy continued to suffer last year. In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the seventieth Annual Report of the Monetary Board of the Central Bank of Sri Lanka was presented to Prime Minister and Minister of Finance Mahinda Rajapaksa by Deshamanya Professor W.D.Lakshman, the Governor of the Central Bank of Sri Lanka today. The report noted that during the year 2019,

28 Apr, 2020