Macro Analysis /
Global

Sri Lanka: Macro Roundup August 2021 – Inflationary concerns heighten

  • Near-term boost for reserves recorded in August; spot rate records a sharp dep’n

  • Central Bank tightens rates slightly ahead of our expectations

  • S&P rating agency revises SL outlook to Negative, CCC+ rating remains unchanged

Lakshini Fernando
Asia Securities
31 August 2021
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