IMF Stresses Need for Trade Liberalisation, Digitisation, Regulatory Streamlining to Unlock Growth in Sri Lanka The International Monetary Fund (IMF) has reiterated its call for Sri Lanka to continue advancing trade liberalisation, digitalisation, regulatory streamlining, and modernisation of the labour market to achieve sustainable and inclusive economic growth. These recommendations were highlighted during a media conference held by the IMF mission team following their latest assessment of the country’s economic situation. IMF Mission Chief for Sri Lanka, Evan Papageorgiou, underscored the importance of these measures in addressing structural challenges and fostering long-term development. Papageorgiou outlined that fiscal discipline remains a critical priority, emphasizing the need to maintain robust revenue collection and prudent government spending. He noted that improving tax compliance, expanding tax incentives, and restoring cross-subsidisation mechanisms for fuel and electricity prices are essential to mitigate fiscal risks. These steps, he argued, must be implemented in a manner that safeguards the interests of vulnerable populations, ensuring that economic reforms do not exacerbate inequality. The IMF official also addressed the government’s ongoing reconstruction efforts, stressing the importance of prioritising projects carefully and executing them transparently in accordance with the Public Financial Management Act. Papageorgiou highlighted that social safety nets must be preserved and strengthened to ensure that support reaches those most in need. He further called for monetary policy to remain data-driven and adaptable to the evolving economic landscape of Sri Lanka. A key focus of the IMF’s recommendations was the preservation of the Central Bank’s independence.#central_bank #sri_lanka #imf #evan_papageorgiou #public_financial_management_act
Central Bank Holds Interest Rates Steady Amid Inflation Concerns The Reserve Bank announced on Thursday that it would keep its benchmark lending rate unchanged at 6.5 percent for the eighth consecutive meeting. Governor Rajiv Malhotra stated that while inflation has shown signs of easing in recent months, the bank remains cautious about declaring a definitive trend. The decision follows a period of mixed economic indicators, with recent data showing a slight decline in consumer price inflation but persistent upward pressures in certain sectors. The central bank emphasized that its primary objective remains maintaining price stability while supporting sustainable economic growth. Inflation, measured by the Consumer Price Index (CPI), has remained within the target range of 2-4 percent, though the bank acknowledged that global supply chain disruptions and rising energy costs could pose risks to the outlook. The unchanged rate is expected to provide continued support to the economy, particularly for small businesses and households facing higher borrowing costs. However, analysts noted that the decision may not be sufficient to address underlying inflationary pressures, especially if wage growth continues to outpace productivity gains. The bank also highlighted its commitment to monitoring inflation trends closely and adjusting monetary policy as needed. It reiterated that the current stance is appropriate to balance growth and price stability, while remaining prepared to act if necessary. Inflation, measured by the Consumer Price Index (CPI), has remained within the target range of 2-4 percent, though the bank acknowledged that global supply chain disruptions and rising energy costs could pose risks to the outlook.#small_businesses #central_bank #consumer_price_index #reserve_bank #rajiv_malhotra
Ripple taps Singapore's central bank sandbox to test stablecoin-powered trade finance with RLUSD #central_bank #taps_Singapore #Singapore_central #Ripple_taps #RLUSD
Central Bank Holds Interest Rates Steady Amid Inflation Concerns The Reserve Bank announced on Thursday that it would keep its benchmark lending rate unchanged at 6.5 percent for the eighth consecutive meeting. Governor Rajiv Malhotra stated that while inflation has shown signs of easing in recent months, the bank remains cautious about declaring victory over rising prices. Consumer price inflation fell to 4.2 percent in February, down from 5.1 percent in January, according to data released earlier this week. Food prices, which had been the primary driver of inflation throughout 2025, showed a notable decline as vegetable and cereal prices stabilized following a strong harvest season. The decision was widely expected by economists surveyed before the meeting. Most analysts had predicted the central bank would maintain its current stance given the mixed signals from the economy. While inflation is moderating, growth has also slowed to 6.3 percent in the latest quarter, down from 7.1 percent a year earlier. The central bank emphasized that its focus remains on balancing inflation control with supporting economic growth. Malhotra noted that recent data suggests the economy is on a more stable trajectory, but warned that global uncertainties, including geopolitical tensions and fluctuating commodity prices, could pose risks. The bank also reiterated its commitment to maintaining price stability while ensuring sufficient liquidity in the financial system. Officials highlighted that the decision to hold rates steady reflects confidence in the resilience of the economy and the effectiveness of previous monetary measures. Analysts pointed out that the central bank’s cautious approach aligns with its long-term strategy of avoiding abrupt policy shifts.#central_bank #reserve_bank #rajiv_malhotra #consumer_price_inflation #global_uncertainties
Central Bank Holds Interest Rates Steady Amid Inflation Concerns The Reserve Bank announced on Thursday that it would keep its benchmark lending rate unchanged at 6.5 percent for the eighth consecutive meeting. Governor Rajiv Malhotra stated that while inflation has shown signs of easing in recent months, the bank remains cautious about declaring victory over rising prices. Consumer price inflation fell to 4.2 percent in February, down from 5.1 percent in January, according to data released earlier this week. Food prices, which had been the primary driver of inflation throughout 2025, showed a notable decline as vegetable and cereal prices stabilized following a strong harvest season. The decision was widely expected by economists surveyed before the meeting. Most analysts had predicted the central bank would maintain its current stance given the mixed signals from the economy. While inflation is moderating, growth has also slowed to 6.3 percent in the latest quarter, down from 7.1 percent a year earlier.#central_bank #reserve_bank #rajiv_malhotra #consumer_price_inflation #food_prices
Economic Update: The central bank has maintained its benchmark interest rate at 5.5%, citing stable inflation at 4.2% (down from 5.8% in the previous quarter). While consumer price growth has slowed, core inflation remains elevated, prompting cautious optimism. Experts advise households to monitor expenses and consider fixed-rate loans for major purchases. Horoscope Highlights (10th April 2024): Aries (March 21 – April 19): Lucky Numbers: 1, 4, 5, 9 Lucky Color: Pistachio Remedy: Offer a green plant to your workspace; avoid impulsive decisions. Taurus (April 20 – May 20): Lucky Numbers: 1, 8, 9 Lucky Color: Wheat Remedy: Practice gratitude meditation; avoid financial risks. Gemini (May 21 – June 20): Lucky Numbers: 1, 4, 5, 8, 9 Lucky Color: Deep Green Remedy: Share your plans with a trusted friend; avoid overcommitting. Cancer (June 21 – July 22): Lucky Numbers: 4, 5, 6, 9 Lucky Color: Sapphire White Remedy: Spend time with family; avoid emotional conflicts. Leo (July 23 – August 22): Lucky Numbers: 1, 4, 5, 9 Lucky Color: Pistachio Remedy: Focus on creative projects; avoid public disputes. Virgo (August 23 – September 22): Lucky Numbers: 1, 8, 9 Lucky Color: Wheat Remedy: Organize your workspace; avoid overworking. Libra (September 23 – October 22): Lucky Numbers: 4, 5, 6, 9 Lucky Color: Sapphire White Remedy: Prioritize relationships; avoid indecisiveness. Scorpio (October 23 – November 21): Lucky Numbers: 1, 8, 9 Lucky Color: Wheat Remedy: Reflect on past decisions; avoid confrontations. Sagittarius (November 22 – December 21): Lucky Numbers: 1, 3, 9 Lucky Color: Vasantī (Spring Green) Remedy: Plan travel or learning goals; avoid impatience. Capricorn (December 22 – January 19): Lucky Numbers: 4, 5, 8, 9 Lucky Color: Ocean Blue Remedy: Focus on long-term goals; avoid procrastination.#central_bank #aaj_tak #economic_update #horoscope_highlights #10th_april_2024
Here’s a structured and rewritten version of the provided content, separated into two distinct sections for clarity: --- Central Bank Interest Rate Decision The central bank has decided to increase its benchmark interest rate by 25 basis points to combat persistent inflation and stabilize economic growth. This move comes amid rising inflationary pressures and a need to curb excessive spending. The rate hike is expected to impact consumer loans, mortgages, and savings accounts, potentially slowing down economic activity. Analysts suggest that while this decision aims to control inflation, it may also pose challenges for borrowers and businesses reliant on low-interest financing. The central bank emphasized that the adjustment is a balanced approach to ensure long-term economic stability without stifling growth. --- Movie Review: Thaai Kelavi (The Elder Mother) Thaai Kelavi is a Tamil comedy-drama directed by Sivakumar Murugeshan, marking his debut as a filmmaker. The film follows the story of Pavunthai, a sharp-tongued and cunning village elder (played by Radhika), who lives with her daughter Rachel (Rebecca) after her husband’s death. Pavunthai’s life revolves around collecting debts from the villagers, earning her the nickname "Saavu Varaadha" (the one who never dies). When her three sons and son-in-law arrive to settle a dispute over her property, the film unfolds as a lighthearted yet insightful exploration of family dynamics, greed, and the complexities of human relationships. The movie blends humor with social commentary, using exaggerated situations and witty dialogues to highlight the quirks of its characters. Radhika’s performance as Pavunthai is standout, capturing the character’s wit and resilience. The film’s tone is reminiscent of classic Tamil comedy, with a mix of slapstick and situational humor.#central_bank #sivakumar_murugeshan #radhika #pavunthai #rachel
Kazakhstan central bank to invest $350 million worth of gold, forex reserves into digital assets #digital_assets #central_bank #million_worth #Kazakhstan_central #forex_reserves
Spain first to enter race for Lagarde succession at ECB Spanish government seeks ‘influential and meaningful position’ at helm of Eurozone central bank #ECB_Spanish #Lagarde_succession #Spanish_government #Eurozone_central #government_seeks #central_bank
