Notable
The central bank bought US$245.3 from banks in January 2024 and US$239.5mn in February
Sri Lanka's central bank is operating deflationary monetary policy giving it full control of the exchange rate
Hopeful of meeting IMF debt requirements to complete second review
In the December 2023 quarter Sri Lanka recorded a current account surplus of 237 million US dollars
Fed would continue to sell-down mortgage backed securities
Consumer Price Index down for the past three months
Made a request through President to explain
Many central banks release minutes of their monetary policy meetings to ensure transparency
There had been no such negotiation or an ask for a lower rate
When you look at investment criteria the go 'go no go decision' is not made because of tax holiday
Amid monetary stability provided by deflationary policy, the economy has started to recover and interest rates to fall
Fall of market interest rates has been slow compared to the central bank's policy rate cuts
Monetary and macroprudential policies need to be tightened to ensure compatibility with the exchange rate peg
Commercial Banks collect US$3.2bn net and central bank, $1.69bn net
State-run banks gave billions of dollar loans to the CPC as forex shortages emerged from inflationary rate cuts
Appointments take effect from January 22
Latest | Last | |
---|---|---|
US Dollar | 305.1018 | 305.3339 |
UK Pound | 386.9523 | 387.2371 |
Euro | 330.8712 | 332.1141 |
Aus Dollar | 201.0018 | 201.4980 |
Yen | 2.0266 | 2.0278 |
Latest | Last | |
---|---|---|
Indian Rupee | 3.6453 | 3.5932 |
Korea Won | 0.2342 | 0.2292 |
Oman Rial | 780.3569 | 769.4973 |
Saudi Riyal | 80.1114 | 78.9849 |
UAE Dirham | 81.7952 | 80.6569 |
pts | % | |
---|---|---|
S&P SL20 | 2,573.80 | 1.00% |
CSE All Share | 9,073.41 | 0.65% |
Turnover Rs million | 1,591,766,524.95 | 1,029,335,694.32 |
Latest | Last | |
---|---|---|
3-m bill | 21.72 | 21.79 |
6-m bill | 19.55 | 20.31 |
12-m bill | 17.72 | 19.28 |
5-yr bond | 21.00 | 22.53 |
8-yr bond | 19.42 | 20.55 |
today | yesterday | |
---|---|---|
Overnight Money | 13.93 | 14.00 |
Gilt Repo | 13.50 | 14.00 |
I-m SLIBOR | - | - |
US money supply trends have concerned some economists
Prices up 6.0-pct since September 2022
There are people getting 1,000 to 3,000 dollars a month but they can send only 250 dollars or 300 back
I think there is no need for us to seek recapitalization at this point
In the first couple of months there will be a some increase just above the middle path
Wants hedging instruments to hedge exposures for businesses
It is kind of a fact finding or technical mission
The biggest danger is if they start opening off-shore accounts
Sri Lanka's Foreign Exchange Act will also be amended in early 2024.
Sri Lanka will reduce monetary policy meeting to six this year from the current eight
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