Friday, September 18 2026
Friday, September 18 2026
MONETABRIEF – The Sri Lanka rupee closed at 331.60/90 Thursday dealers said after two days of interventions checked a steep slide that rattled markets, along with spikes in bond yields.
Sri Lanka has a discretionary, depreciation and inflation biased monetary operating framework that frequently lands in the country in the International Monetary Fund and economic freedoms are curbed through trade and exchange controls.
The have been calls to reduce the central bank's inflation target in the hope of curbing its inflationary bias, that can analysts fear can drive the country to external default.
In the first quarter of 2026 the rupee collapsed amid a budget surplus. Macro-economists who cut rates in the hope of boosting growth but instead blasts the balance of payments, have long escaped accountability pointing to budget deficits.
The Federal Reserve hiked rate overnight by 25 basis points, but said it will keep its ample reserve regime. In 2022 inflation fell quickly as the Fed combined rate hikes with quantity tightening.
Meanwhile bond yields also stabilized in Sri Lanka.
A bond maturing in 15 March 2028 closed at 10.35/55 percent from yesterday's of 10.30/10.50 percent.
A bond maturing in 15 Dec 2029 closed at 11.00/10 percent down from yesterday's 11.05/11.20 percent.
A bond maturing in 01 July 2030 closed at 11.25/35 percent down from 11.35/11.50 percent
A bond maturing in 15 May 2031 closed at 11.55/70 percent down from yesterday's 11.70/11.85 percent.
A bond maturing in 15 Dec 2032 closed at 11.70/80 percent from yesterday's 11.85/12.00 percent
A bond maturing in 15 June 2034 closed at 12.05/10 percent down yesterday's 12.10/12.15 percent. (Colombo/Sept17/2026)
| 3 month bill | 9.22% | 22bp ▼ |
| 12-m bill | 9.91% | 10bp ▼ |
| Gold (Ounce) | $4602 | - - |
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