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Sri Lanka s Central Bank implements a single policy rate mechanism
26 Nov 2024 (11:38 PM) Deep depression to move closer to Sri Lanka s east coast, intensify into cyclonic storm
27 Nov 2024 (9:46 AM) Flood warnings issued for low-lying areas of Malwathu Oya
27 Nov 2024 (10:26 AM) Motorists advised as A-9 main road flooded at Omanthai
27 Nov 2024 (10:39 AM) Special police hotline for Tamil-speaking people amid adverse weather
27 Nov 2024 (12:49 PM) 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). 
The Meteorology Department says the deep depression over the southwest Bay of Bengal was located to 190 km southeast of Trincomalee at around 11-30 p.m. of November 26, 2024. 
The Irrigation Department has issued a flood warning for several low-lying areas of Malwathu Oya Basin, effective until 5.30 a.m. on November 29, 2024. 
The A-9 main road to Jaffna has been flooded at Omanthai, prompting police to urge motorists to take alternate routes. 
Sri Lanka Police has established a special hotline, 107 , dedicated for Tamil-speaking individuals to report or seek assistance regarding the prevailing adverse weather conditions, according to Police Spokesman DIG Nihal Thalduwa.
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.
