Category: Money
Central Bank kept its key short-term interest rates unchanged to tame inflation
The Central Bank kept its key short-term interest rates unchanged at its monthly monetary policy meeting, in line with a treasury decision earlier in March to control inflation in the second half of 2005.The Central Bank kept its key short-term interest rates unchanged at its monthly monetary policy meeting, in line with a treasury decision […]
”s signature on new notes
Sri Lanka’s Central Bank which earlier declined to say who signed a new batch of currencies came out with a statement admitting Finance Minister’s signature on new notes.Sri Lanka’s Central Bank which earlier declined to say who signed a new batch of currencies came out with a statement admitting Finance Minister’s signature on new notes. […]
Sri Lanka’s Central Bank which earlier declined to say who signed a new batch of currencies came out with a statement admitting Finance Minister’s signature on new notes
Sri Lanka’s Central Bank which earlier declined to say who signed a new batch of currencies came out with a statement admitting Finance Minister’s signature on new notes.Sri Lanka’s Central Bank which earlier declined to say who signed a new batch of currencies came out with a statement admitting Finance Minister’s signature on new notes. […]
Push Push
The government has pledged to bring the Securitization Act to parliament this year as part of the private sector development program agreed with the Asian Development Bank.The government has pledged to bring the Securitization Act to parliament this year as part of the private sector development program agreed with the Asian Development Bank. The ADB […]
imf graph
IMF graph IMF graph Selected Economic and Social Indicators 2004 2005 2006 Pre- Post- tsunami tsunami GDP and inflation (%) Real GDP growth 5.2 6.0 5.3 6.0 Average inflation 7.6 10.5 12 7.5 Public finances (% of GDP) […]
Legal experts are proposing a new technique to carry out securities transactions, more easily, cutting costs and legal uncertainties
Sri Lanka’s financial market players are looking for ways to carry out securitisation transactions, to cut costs and legal uncertainties.Sri Lanka’s financial market players are looking for ways to carry out securitisation transactions, to cut costs and legal uncertainties. The latest proposal is a legal techniques knows a Declaration of Trust, where a group of […]
Central Bank appoints top level committee to look into the future viability of primary dealers
Sri Lanka’s Central Bank has appointed a committee to look into the future of primary dealers, after a move to raise their capital to Rs.350 mn this June, sent minor tremours throughout the industry.Sri Lanka’s Central Bank has appointed a committee to look into the future of primary dealers, after a move to raise their […]
Sri Lanka must control aid flow to halt currency rise, IMF Says
Sri Lanka must slow the flow of overseas aid into the country to prevent its currency from further rising against the dollar and the yen, said Raghuram Rajan, chief economist at the International Monetary Fund.Sri Lanka must slow the flow of overseas aid into the country to prevent its currency from further rising against the […]
Central Bank leaves its short-term interest rates intact, though warns of possible downside economic risk following the recent tsunami
Sri Lanka’s Central Bank opted not to tinker with its short-term interest rates for the second consecutive month, though there may be some downside risks on economic performance this year due to the recent tsunami. The bank said its overnight repurchase (repo) and reverse repurchase (reverse repo) rates will remain at 7.5 percent and 9.0 […]
Sri Lanka banks on higher aid flows to prop its rupee and foreign reserves
Sri Lanka is banking on higher foreign aid inflows to lift the rupee from its doldrums and replenish country reserves that dissolved rather quickly after high crude oil prices blew a hole in its balance sheet.Sri Lanka is banking on higher foreign aid inflows to lift the rupee from its doldrums and replenish country reserves […]
The Treasury is planning to issue a fresh US$ 100 million of commercial bonds next year while giving up on cheaper program loans from lenders
The Treasury is planning to issue a fresh US$ 100 million of commercial bonds next year while giving up on cheaper program loans from lenders.The Treasury is planning to issue a fresh US$ 100 million of commercial bonds next year while giving up on cheaper program loans from lenders. The government has already issued US$ […]
Sri Lanka’s call rates, touched 9.38 per cent in late trading on Tuesday, despite massive excess liquidity in the system, traders said
Sri Lanka’s call rates, touched 9.38 per cent in late trading on Tuesday, despite massive excess liquidity in the system, traders said. Sri Lanka’s call rates, touched 9.38 per cent in late trading on Tuesday, despite massive excess liquidity in the system, traders said. Central Bank’s policy rate is 9.00 per cent, but some banks […]