According to the Monetary Policy Review for March 2015, the Sri Lankan economy is estimated to have grown by 7.4 percent in 2014 compared to 7.2 percent in 2013.

"This growth was mainly supported by the expansion in the industry sector, which grew by 11.4 percent and the services sector, which grew by 6.5 per cent,"

“The agriculture sector that was affected by adverse weather conditions, recorded a marginal growth of 0.3 percent.” the Central Bank said.

Headline inflation on a year-on-year basis decreased significantly to 0.6 percent in February 2015 from 3.2 percent in the previous month reflecting the downward revision of domestic fuel prices and the reduction in the prices of certain essential items announced in the Interim Budget 2015.

“Given the impact of such measures and supported by improved supply conditions, headline inflation is likely to remain at low levels, particularly in the first half of 2015.” the Central Bank further said.

Core inflation, which reflects underlying demand pressures in the economy, declined to 0.8 percent year-on-year in February 2015 compared to 2.1 percent in January 2015.