Tightening brakes on growth, Government data released yesterday showed the country has slowed to a two-and-a-half-year low, slipping from 7.9% in the first quarter to 6.4 % in the second when compared with the same period last year.   A Reuters report noted that economic growth eased to 6.4 per cent in the second quarter ...

Reuters: Sri Lanka’s inflation rate accelerated to a 41-month high in June driven by the rupee’s sharp depreciation, while food prices were hit by supply constraints due to drought and government policies to discourage selected imports. Annual inflation hit 9.3% in June from a year earlier, its highest since January 2009 and up from 7.0% ...

Central Bank has termed the first quarter economic growth as better than expected, according to a report filed by Reuters. “It is better than what we expected,” Reuters quoted Central Bank Assistant Governor K.D Ranasinghe as saying. “For the full year our forecast is 7.2 per cent,” he added. A Reuters poll of 10 analysts ...

Reuters: Sri Lankan stocks jumped 1.6 per cent on Thursday to a more than three-week high on institutional buying of blue-chips stocks like John Keells Holdings PLC in an oversold market after the central bank kept policy rates steady. The Central Bank held the key policy rates unchanged on Wednesday. The main index rose 1.61 ...

* Annual inflation at 6.4%, eases for second month * Improved food, vegetable supply helps ease inflation * CB expects annual inflation at 6% by December COLOMBO (Reuters): Sri Lanka’s annual inflation slowed to a lower-than-expected 6.4% in September from a year earlier, down from 7% in August on a new consumer price index, Government ...