Subscribe to Central Bank of Sri Lanka RSS

News

National Development Bank PLC - Subsequent Update on Internal Fraud

The Central Bank of Sri Lanka (CBSL) wishes to inform the public that it has been closely monitoring developments relating to National Development Bank PLC (NDB) following the recent disclosure of an internal fraud.

IMF Staff Reaches Staff-Level Agreement on the Combined Fifth and Sixth Reviews under Sri Lanka’s Extended Fund Facility Arrangement

An International Monetary Fund (IMF) mission team led by Mr. Evan Papageorgiou visited Sri Lanka from 26 March to 9 April 2026 for the combined Fifth and Sixth Reviews under Sri Lanka’s Extended Fund Facility Arrangement. 

National Development Bank PLC - Internal Fraud

The National Development Bank PLC (NDB) has informed the Central Bank of Sri Lanka (CBSL) that it has uncovered an internal fraud that could lead to a significant loss being incurred. CBSL has also been informed that no customer accounts or deposits have been affected by this fraud.

External Sector Performance - February 2026

The external current account recorded a surplus in February 2026, extending the trend observed since November 2025, and recorded a cumulative surplus of US$ 487 million during January–February 2026.

CCPI based headline inflation accelerated in March 2026

The Colombo Consumer Price Index (CCPI, 2021=100)1 based headline inflation (year-on-year, Y-o-Y) accelerated in March 2026. Accordingly, headline inflation (Y-o-Y) was recorded at 2.2% in March 2026 compared to 1.6% in February 2026.

Sri Lanka PMI - Construction expanded in February 2026

The Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected by the Total Activity Index, recorded a value of 70.3 in February 2026. This indicates continued expansion in construction activities, albeit at a slower pace compared to the significantly higher level observed in the previous month. Most firms reported favourable industry conditions in February, underpinned by steady inflows of construction projects and favourable weather.

Pages