Monetary Policy Review – September 2015 - Policy rates unchanged

http://www.cbsl.gov.lk/pics_n_docs/02_prs/_docs/press/press_20150925e.pdf

Thanks I eagerly waiting to know this

Thanks Sri. Yeah it was not changed as expected.

Read somewhere a few hours ago that FED is most likely to increase the interest rates by December.
What can we do before that to stop draining out of foreign funds from CSE?

කිත්සිරි ද සිල්වා wrote:Read somewhere a few hours ago that FED is most likely to increase the interest rates by December.
What can we do before that to stop draining out of foreign funds from CSE?

I too heard this. A Fed rate hike is very much likely in December.

At the moment we are very week in attracting and retaining foreign investments in any form. Need some serious thinking by policy makers. Enough talking is done but no action at all. Otherwise Rupee will end deep south to Antarctica.

* Yellen comments boost bets on 2015 Fed rate hike

* U.S. final Q2 GDP of 3.9 percent supports 2015 Fed hike

* Dollar index hits over five-week high

By Sam Forgione

NEW YORK, Sept 25 (Reuters) - The U.S. dollar hit its highest in over five weeks against a basket of major currencies on Friday, a day after Federal Reserve Chair Janet Yellen said she expected the central bank to hike rates in 2015, and after U.S. growth data appeared to support such a move.

In a speech late Thursday, Fed Chair Janet Yellen, who spoke a week after the Fed delayed a long-anticipated rate hike, said she and other Fed policymakers do not expect recent global economic and financial market developments to significantly affect the central bank's policy.

The comments surprised analysts since the Fed kept interest rates unchanged partly in a bow to worries about the global economy, leading some investors to push expectations for a first rate hike in almost a decade into 2016.

"It was a little bit of an about-face by the Fed, and it effectively puts a rate hike by the Fed either next month or in December squarely on the table," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington.

Commerce Department data on Friday showed U.S. gross domestic product rose at a 3.9 percent annual pace in the April-June quarter, up from 3.7 percent reported last month.

The data supported the case that the U.S. economy may be gaining enough strength to withstand a rate hike.

The dollar index, which measures the greenback against a basket of six major currencies, hit 96.700 after the GDP data, its highest since Aug. 19. The dollar hit its highest in over two weeks against the Japanese yen of 121.240 yen.

The greenback hit a more than six-week high against the Swiss franc of 0.98420 franc earlier in the session. While the euro fell against the dollar after two straight days of gains, it remained within recent ranges and did not break below a more than two-week low of $1.11050 touched on Sept. 23.

The GDP data "certainly helps the view" of a 2015 Fed rate hike, said Eric Viloria, currency strategist at Wells Fargo Securities in New York.

The euro was last down 0.41 percent against the dollar at $1.11840. The dollar was up 0.42 percent against the yen at 120.610 yen. The dollar was up 0.1 percent against the franc at 0.97625 franc.

The dollar index was last up 0.26 percent at 96.245. (Additional reporting by Jemima Kelly in London; Editing by Jeffrey Benkoe)

Well the FED rate hike is a toss up right now. Yellen previously said she'd do it later this year. But now there are developments ( global and US) that can delay it further.

Anyway, the drain of this, has already taken place quite a bit. CSE was one of the least effected.

Also saw India pulling in some seriously big inflows ( the kind is unheard of at CSE) some time back.

slstock wrote: Anyway, the drain of this, has already taken place quite a  bit. CSE was one of the least effected.

True.

Good one for reading.

http://www.zerohedge.com/news/2015-09-25/stock-markets-10-largest-global-economies-are-all-crashing