Sri Lanka

Central Bank of Sri Lanka - Annual Report 2008

Sri Lanka's economy demonstrated its resilience by recording growth of 6% in 2008 amid unprecedented and unfavourable developments globally and domestically, the country's central bank's latest Annual Report notes.

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.

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