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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

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    Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank

    First Guy
    First Guy


    Posts : 2599
    Join date : 2014-02-22

    Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank Empty Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank

    Post by First Guy Tue Apr 22, 2014 8:11 am

    Apr 22, 2014 (LBO) - Sri Lanka's central bank held policy rates unchanged in April saying reduced central government and state enterprise borrowings has created conditions for private credit to pick up.

    The central bank held the rate at which money is drained from banks at 6.5 percent and the rate at which cash is injected at 8.0 percent.
    With excess liquidity in markets and money being drained daily amid weaker credit, the 6.5 percent standing repo rate is now active and overnight risk free bank rates is 6.50 percent and the un-backed rate at 6.90 percent.

    The Central Bank said the rates were appropriate with inflation at 4.2 percent in March, unchanged from February.

    "Looking ahead, although some price pressures may be felt due to supply disruptions brought by drought conditions, inflation is expected to remain at mid single digits throughout the year supported by favourable inflation expectations, and subdued demand conditions," the April monetary policy statement said.

    Sri Lanka's inflation has been low with credit weak and excess liquidity being drained by the Central Bank, with some analysts saying inflation would be lower if the exchange rate was allowed to appreciate.

    The government had borrowed 43.3 billion rupees from the banking system in the first two months of the year but overdrafts at state banks had been repaid with proceeds of a billion US dollar bond.

    State energy enterprises had also repaid loans from state banks.

    "Continued fiscal consolidation, together with the sovereign bond issuance that took place in April 2014, is expected to ease public sector’s reliance on bank financing in the coming months," the Central Bank said.
    "The resulting release of funds for private investments bolstered by sufficient market liquidity levels would provide the necessary stimulus to strengthen private sector activity and in turn, as expected, expand credit growth from the second quarter onwards."

    Sri Lanka raised interests sharply in 2012 to ward of a balance of payments crisis triggered by heavy borrowings by state enterprises from state banks.

    http://www.lankabusinessonline.com/news/sri-lanka-rates-unchanged;-lower-state-borrowings-to-boost-credit:-central-bank/764128960

      Current date/time is Sun Sep 01, 2024 6:47 am