Sri Lanka maintained the upward trend in tourist arrivals and this trend is expected to continue. Sri Lanka is targeting an arrival target
of 2.5 million tourists and with several global hotel chains like ShangriLa, Movenpick, Hyatt scheduled to open this year, industry
stakeholders say that this target is a reality. For the first time Export Development Board, Tea Board, SriLankan Airlines and Sri Lanka
Tourism are jointly promoting Sri Lanka and this too will help to woo more tourists. Here some of the tourists enjoying a boat ride
in the Kandalama tank. Picture by Yenul Dilsara
External sector remains resilient,official reserves projected to strengthen further
The Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank are reduced to 6.00 per cent and 7.50 per cent, respectively, with effect from April 15. The monetary policy tool primarily adopted by the Monetary Board will continue to be the policy interest rates announced to the market with the support of other monetary policy tools.
Inflation declines further
Headline inflation, on a year-on-year (y-o-y) basis, declined to 0.1 per cent in March 2015 from 0.6 per cent in February 2015. Following the same trend, annual average...