Sri Lanka Manufacturing PMI
Developed from a survey of 150 industrial enterprises in Sri Lanka, The Sri Lanka Manufacturing Purchasing Manager's Index assesses the performance of the manufacturing sector. The index tracks five separate indicators with the following weights: new orders, output, employment, suppliers' delivery times, and stock of items purchased. The delivery times index is reversed so that it moves in a similar direction to the other indexes on the manufacturing purchasing managers' index. A value above 50 indicates that the manufacturing sector has increased in comparison to the previous month, a rating below 50 indicates that the manufacturing sector has declined, and a value of 50 implies no change.
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 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 | 33 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 | 206 days ago
Sri Lanka Central Bank Keeps Rates Steady Amid Economic Crisis
Sri Lanka's central bank kept its key interest rate unchanged on Wednesday as runaway inflation showed signs of slowdown, and amid the country's negotiations with the International Monetary Fund to secure a $2.9 billion rescue deal to get the economy back on track. The Monetary Board of the Central Bank of Sri Lanka decided to maintain the Standing Deposit Facility Rate at 14.50 percent.
RTTNews | 459 days ago
