- TraderCSE
- Posts : 17
Join date : 2015-09-16
The Central Bank of Sri Lanka Reduces its Policy Interest Rates
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 22 August 2019, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points to 7.00 per cent and 8.00 per cent, respectively. The Board arrived at this decision following a careful analysis of current and expected developments in the domestic economy and the financial market as well as the global economy, with the aim of further supporting the revival of economic activity in the context of low inflation prevailing at present and the medium term inflation outlook, which is well anchored in the desired 4-6 per cent range
https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/press/pr/press_20190823_Monetary_Policy_Review_No_5_2019_e_G93k7.pdf
- puliyanamTop contributor
- Posts : 482
Join date : 2014-02-28
Re: The Central Bank of Sri Lanka Reduces its Policy Interest Rates
Cowardly terrorist attacks have dealt a blow to the economy. Add to that the policy uncertainty that prevailed over the last few years. Add to that the geopolitical tensions. Multiply that by the risk of global trade wars and the risk of global recession. CBSL has no choice imo
Look at the price of gold...
- The Invisible
- Posts : 3116
Join date : 2016-11-28
Age : 44
Re: The Central Bank of Sri Lanka Reduces its Policy Interest Rates
- sapumal
- Posts : 304
Join date : 2014-09-10
Re: The Central Bank of Sri Lanka Reduces its Policy Interest Rates
- Ethical TraderTop contributor
- Posts : 5568
Join date : 2014-02-28
Re: The Central Bank of Sri Lanka Reduces its Policy Interest Rates
puliyanam wrote:@TraderCSE, you have put this in entertainment section. By implications, all central bankers and economists should feel like jokers :-)
Cowardly terrorist attacks have dealt a blow to the economy. Add to that the policy uncertainty that prevailed over the last few years. Add to that the geopolitical tensions. Multiply that by the risk of global trade wars and the risk of global recession. CBSL has no choice imo
Look at the price of gold...
- TraderCSE
- Posts : 17
Join date : 2015-09-16
Re: The Central Bank of Sri Lanka Reduces its Policy Interest Rates
Ethical Trader wrote:CB has given fairly acceptable reasons for the reduction. ?Why this should be in the entertainment section.puliyanam wrote:@TraderCSE, you have put this in entertainment section. By implications, all central bankers and economists should feel like jokers :-)
Cowardly terrorist attacks have dealt a blow to the economy. Add to that the policy uncertainty that prevailed over the last few years. Add to that the geopolitical tensions. Multiply that by the risk of global trade wars and the risk of global recession. CBSL has no choice imo
Look at the price of gold...
I feel CB has taken a very good decision to reduce the market interest rates and hinting there will be a cap for lending rates if necessary.
Sorry to put this in a wrong section by mistake, can anyone change the section please.
- Ethical TraderTop contributor
- Posts : 5568
Join date : 2014-02-28
Re: The Central Bank of Sri Lanka Reduces its Policy Interest Rates
TraderCSE wrote:Ethical Trader wrote:CB has given fairly acceptable reasons for the reduction. ?Why this should be in the entertainment section.puliyanam wrote:@TraderCSE, you have put this in entertainment section. By implications, all central bankers and economists should feel like jokers :-)
Cowardly terrorist attacks have dealt a blow to the economy. Add to that the policy uncertainty that prevailed over the last few years. Add to that the geopolitical tensions. Multiply that by the risk of global trade wars and the risk of global recession. CBSL has no choice imo
Look at the price of gold...
I feel CB has taken a very good decision to reduce the market interest rates and hinting there will be a cap for lending rates if necessary.
Sorry to put this in a wrong section by mistake, can anyone change the section please.
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