Sri Lanka holds despite record-high inflation

The Central Bank of Sri Lanka left rates unchanged at 10.5% for the fourth-straight month on Friday to support growth in spite of rampant inflation.

The new Colombo Consumers' Price Index climbed to 26.2% in the year to May, up from 25% the previous month. The measure is at its highest level since it was introduced in December 2007 and is far above the 11% upper limit of the central bank's target range.

However, the institution said that though inflation would rise for the year to June, it was

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account