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Land Valuations Indicator - Second Half of 2019

Land Valuations Indicator (LVI) for Colombo District compiled by the 贵州福彩网-【官网首页】 (CBSL), reached 138.9 during the 2nd half of 2019, recording an increase of 10.4 per cent compared to the 2nd half of 2018. All three sub-indicators of LVI, namely Residential, Commercial and Industrial have contributed to this increase.

Residential LVI recorded the highest year-on-year increase of 10.7 per cent, while both the Commercial LVI and Industrial LVI increased by 10.3 per cent . Meanwhile, the LVI increased by 5.1 per cent in 2nd half of 2019 from 1st half of 2019.

NCPI based Inflation increased in January 2020

 Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 7.6 per cent in January 2020 from 6.2 per cent in December 2019. This was driven by monthly increase of prices of items in both Food and Non-food categories. Food inflation (Y-o-Y) increased substantially from 8.6 per cent in December 2019 to 13.7 per cent in January 2020, the highest since November 2017. Further, Non-food inflation (Y-o-Y) stood at 3.0 per cent in January 2020.

Discontinuation of Compilation and Publication of Sri Lanka Inter Bank Offered Rate (SLIBOR)

The Monetary Board of the 贵州福彩网-【官网首页】 decided to discontinue the compilation and publication of SLIBOR with effect from 01 July 2020. This decision was taken in consideration of the lack of usage of SLIBOR in benchmarking loan products in the domestic financial market, the global trend of phasing out the compilation and publication of offered rates including the London Interbank Offered Rate (LIBOR), requests from several Licensed Commercial Banks (LCBs) to discontinue the reporting of offered rates in the context of thin interbank market volumes for longer tenures, and the availability of alternative benchmark interest rates in the domestic financial market.

Appointment of a New Deputy Governor

The Monetary Board, with the concurrence of the Hon. Minister of Finance, Economy and Policy Development has appointed Assistant Governor, Mr. K M Mahinda Siriwardana as a Deputy Governor of the 贵州福彩网-【官网首页】 (CBSL) with effect from 12th February 2020.

Mr. Siriwardana has a service of more than 28 years in the Central Bank. Prior to his recent appointment as a Deputy Governor, Mr. Siriwardana held the position of Assistant Governor in charge of Economic Research Department and Statistics Department. Mr. Siriwardana has also served as the Director of the Economic Research Department of the CBSL.