Sri Lanka

Sri Lanka keeps on cutting

The Central Bank of Sri Lanka slashed its policy rate by 175 basis points to 14.75% on Wednesday in an effort to encourage lending and revive economic activity.

Sri Lanka's Wijewardena on turbulent times

In uncertain economic environments, it is even more important that central bankers function consistently and firmly, without fear or favour, notes W.A. Wijewardena, a deputy governor at the Central Bank of Sri Lanka.

Payment system risk the priority

The need to mitigate the risk involved in using outmoded payments infrastructure has to be given priority, said Ranee Jayamaha, a deputy governor at the Central Bank of Sri Lanka.

Sri Lanka rebuts IMF report

The Central Bank of Sri Lanka has countered claims, made in an International Monetary Fund report, that poor decision-making has contributed to high inflation in the country.

Sri Lanka's Cabraal on emerging-market growth

Recent trends show that the world economy is no longer overwhelmingly reliant on the advanced economies, noted Ajith Nivard Cabraal, the governor of the Central Bank of Sri Lanka, in a speech at a recent conference in Karachi.

Sri Lanka's Jayamaha notes IT's impact

The rapid advancement in information and communication technology has had a profound impact on the Sri Lankan banking industry and the wider financial sector over the last two decades, said Ranee Jayamaha, a deputy governor at the central bank.

Sri Lankan deputy on John Exter's legacy

W. A. Wijewardena, the deputy governor of the central bank of Sri Lanka, spoke on Monday about the how the ideas of the central bank's founder, John Exter, remained relevant today.

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