Easing Ahead

From left: Dr. Fernando Im, Senior Country Economist for Sri Lanka and the Maldives, The World Bank, Hon. Eran Wickramaratne, State Minister, Ministry of Finance and Mass Media, Dr. W A Wijewardana, Former Deputy Governor of the Central Bank of Sri Lanka, Prof. Indralal de Silva, Former (Chair) of Demography, University of Colombo, Prof. Amala de Silva, Department of Economics, University of Colombo at the panel discussion on "Demographic Change in Sri Lanka" moderated by Dr. Ramani Gunatilaka, International Centre for Ethnic Studies.

The Central Bank offered and accepted bids for Rs. 6.565 bn despite the auction being oversubscribed with bids for Rs. 12.461 bn.

rnrnBids on offer this week included re-issues of Rs. 5.565 bn in maturing bills and Rs. 1.000 bn in fresh issues.

rnrnThe weighted average yield for three month notes slipped three basis points to 12.83 percent, six month bills lost six basis points to 12.87 percent and one year treasuries dropped ten basis points to 13.52 percent.rn