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Sri Lanka GDP Growth Rate YoY
Services are the most important sector of the economy in Sri Lanka, accounting for 58% of total GDP. Wholesale and retail trade (21%), transportation and communication (13%), and banking, insurance, and real estate (11%) are the most important segments within services. The manufacturing sector accounts for 30% of the overall output accounts for the industry sector. Manufacturing accounts for 18% of GDP, while mining and building contribute 10%. Agriculture, cattle, forestry, and fisheries make up the remaining 12% of total GDP.
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 | 238 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 | 358 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 | 531 days ago
