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Sri Lanka s Central Bank implements a single policy rate mechanism
26 Nov 2024 (11:38 PM) IMF chief commends Sri Lanka s economic reform program, says collective effort key to success of debt restructuring
27 Nov 2024 (10:01 AM) Motorists advised as A-9 main road flooded at Omanthai
27 Nov 2024 (10:39 AM) Sri Lanka s Central Bank implements a single policy rate mechanism
26 Nov 2024 (11:38 PM) Red landslide early warning issued for areas in 3 districts
27 Nov 2024 (12:11 AM) CBSL introduces Overnight Policy Rate; further eases monetary policy stance
27 Nov 2024 (10:04 AM) |
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to implement a single policy interest rate mechanism, the Overnight Policy Rate (OPR), transitioning from its dual policy interest rate mechanism with effect from today (27 November). 
IMF Managing Director Kristalina Georgieva says the continued support from international financial institutions and other official creditors, together with the participation of bondholders in a debt exchange consistent with debt sustainability, is necessary to underpin the success of Sri Lanka s economic reform efforts. 
The A-9 main road to Jaffna has been flooded at Omanthai, prompting police to urge motorists to use alternate routes. 
The National Building Research Organisation (NBRO) has issued a Level 3 (Red) Landslide Early Warning for several divisional secretariat divisions (DSDs) in Kandy, Matale and Nuwara-Eliya districts urging the residents of these areas to evacuate to safer locations. 
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to further ease the monetary policy stance and set the newly introduced Overnight Policy Rate (OPR) at 8.00 per cent. Copyright © 2007 - 2024 Col3neg. All Rights Reserved.
