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Sri Lanka Balance of Trade
Accounting for 40% of Sri Lanka's total exports goes mostly for textiles and apparel as well as for tea accounting for 17%. Spices, diamonds, coconut products, rubber, and fish are among the other items exported. The United States, the United Kingdom, Germany, Belgium, and Italy are the primary export partners. Sri Lanka imports a variety of goods, including petroleum, textile fabrics, foodstuffs, machinery, and transport equipment. India, China, Iran, and Singapore are the top four import partners.
A higher than expected figure should be seen as positive (bullish) for the LKR while a lower than expected figure should be seen as negative (bearish) for the LKR.
News (LKR)
Sri Lanka Central Bank Cuts Rates Unexpectedly
Sri Lanka central bank lowered its policy rates unexpectedly on Wednesday as inflation is expected to remain below the target over coming months. The Central Bank of Sri Lanka decided to reduce the Standing Deposit Facility Rate by 25 basis points to 8.25 percent and the Standing Lending Facility Rate to 9.25 percent. The bank had reduced rates by a cumulative 625 basis points since 2023.
RTTNews | 350 days ago
Sri Lanka Cuts Key Interest Rates By 50 Bps
Sri Lanka's central bank unexpectedly reduced its benchmark rates on Tuesday to support the economic recovery. The Monetary Policy Board of the Central Bank of Sri Lanka, led by Governor Nandalal Weerasinghe, decided to cut the Standing Deposit Facility Rate by 50 basis points to 8.50 percent and the Standing Lending Facility Rate to 9.50 percent.
RTTNews | 470 days ago
Sri Lanka Central Bank Slashes Key Rates By 100 Bps
The Central Bank of Sri Lanka lowered its benchmark rates by 100 basis points on Thursday citing faster deceleration of inflation. The Standing Deposit Facility Rate and the Standing Lending Facility Rate were reduced by 100 basis points to 10.00 percent and 11.00 percent, respectively.
RTTNews | 643 days ago
