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 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 | 43 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 | 216 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 | 469 days ago
