News Today: Central Bank Reserve Assets Increase; ASPI Hits All-Time High

The Central Bank of Sri Lanka has announced a notable increase in the country’s official reserve assets. As of November 2024, the reserves stand at an impressive USD 6,462 million, signaling economic stability and a positive outlook.

By December 27, 2024, the All Share Price Index (ASPI) surged by 4.89%, reaching a record high of 15,535.60 points, while the S&P SL 20 Index jumped by 5.56% to 4,666.65 points, showcasing strong investor confidence in the market.

On a year-on-year basis, Sri Lanka’s National Consumer Price Index (NCPI) recorded a deflation of 1.7% in November 2024, following the 0.7% deflation in October 2024. The Food category remained stable with no year-on-year price changes, while the Non-Food category experienced a deflation of 3.1%.

Governor of the Central Bank, Dr. Nandalal Weerasinghe, projects inflation to stabilize between 4% to 5% by mid-2025, reflecting the effectiveness of monetary policies.