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Join date : 2014-03-16
Momentum remains positive ahead of monetary policy announcement
The positive momentum in secondary bond markets continued yesterday as well, with yields declining for a sixth straight session ahead of today’s monetary policy announcement for the month of September.
The Central Bank of Sri Lanka (CBSL) has held policy rates steady at 6.50% and 8.00% for seven consecutive months thus far. Activity centered on the four-year maturity of 15 August 2018 within the range of 6.96% to 7.01%, the five year maturity of 1 July 2019 within 7.04% to 7.07%, the seven-year maturity of 1 May 2021 within 7.50% to 7.60% and the eight-year maturity of 1 July 2022 within 7.75% to 7.81%.
In money markets yesterday, the Open Market Operations (OMO) department of CBSL was seen refraining from conducting any auctions for a sixth consecutive day as the total surplus volume of Rs 52.73 billion was deposited at its Standing Deposit Facility Rate (SDFR) of 6.50%. Overnight call money and repo rates remained steady average 6.69% and 6.52% respectively.
www.ft.lk
- Sri Lanka policy rates steady - Monetary Policy Review June 2014
- Monetary Policy Review – January 2015 - Policy interest rates unchanged
- Monetary Policy Review – September 2015 - Policy rates unchanged
- Monetary Policy Review – November 2014 - Policy rates unchanged
- The Bourse Weekly Performance (Week ended May 09, 2014)