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The Central Bank of Sri Lanka Reduces its Policy Interest Rates

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The Central Bank of Sri Lanka Reduces its Policy Interest Rates Empty The Central Bank of Sri Lanka Reduces its Policy Interest Rates

Post by TraderCSE on Fri Aug 23, 2019 7:51 am

The Central Bank of Sri Lanka Reduces its Policy Interest Rates

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 22 August 2019, decided to reduce the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank by 50 basis points to 7.00 per cent and 8.00 per cent, respectively. The Board arrived at this decision following a careful analysis of current and expected developments in the domestic economy and the financial market as well as the global economy, with the aim of further supporting the revival of economic activity in the context of low inflation prevailing at present and the medium term inflation outlook, which is well anchored in the desired 4-6 per cent range

https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/press/pr/press_20190823_Monetary_Policy_Review_No_5_2019_e_G93k7.pdf

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The Central Bank of Sri Lanka Reduces its Policy Interest Rates Empty Re: The Central Bank of Sri Lanka Reduces its Policy Interest Rates

Post by puliyanam on Fri Aug 23, 2019 9:39 am

@TraderCSE, you have put this in entertainment section. By implications, all central bankers and economists should feel like jokers :-)

Cowardly terrorist attacks have dealt a blow to the economy. Add to that the policy uncertainty that prevailed over the last few years. Add to that the geopolitical tensions. Multiply that by the risk of global trade wars and the risk of global recession.  CBSL has no choice imo

Look at the price of gold...
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The Central Bank of Sri Lanka Reduces its Policy Interest Rates Empty Re: The Central Bank of Sri Lanka Reduces its Policy Interest Rates

Post by The Invisible on Fri Aug 23, 2019 9:42 am

It must be a mistake.
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The Central Bank of Sri Lanka Reduces its Policy Interest Rates Empty Re: The Central Bank of Sri Lanka Reduces its Policy Interest Rates

Post by sapumal on Fri Aug 23, 2019 11:47 am

50 bps drop is significant. This is totally unexpected. Don't be hurry. People have time until 1st September to buy.

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The Central Bank of Sri Lanka Reduces its Policy Interest Rates Empty Re: The Central Bank of Sri Lanka Reduces its Policy Interest Rates

Post by Ethical Trader on Fri Aug 23, 2019 12:24 pm

CB has given fairly acceptable reasons for the reduction. ?Why this should be in the entertainment section.
puliyanam wrote:@TraderCSE, you have put this in entertainment section. By implications, all central bankers and economists should feel like jokers :-)

Cowardly terrorist attacks have dealt a blow to the economy. Add to that the policy uncertainty that prevailed over the last few years. Add to that the geopolitical tensions. Multiply that by the risk of global trade wars and the risk of global recession.  CBSL has no choice imo

Look at the price of gold...
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The Central Bank of Sri Lanka Reduces its Policy Interest Rates Empty Re: The Central Bank of Sri Lanka Reduces its Policy Interest Rates

Post by TraderCSE on Fri Aug 23, 2019 1:05 pm

Ethical Trader wrote:CB has given fairly acceptable reasons for the reduction. ?Why this should be in the entertainment section.  
puliyanam wrote:@TraderCSE, you have put this in entertainment section. By implications, all central bankers and economists should feel like jokers :-)

Cowardly terrorist attacks have dealt a blow to the economy. Add to that the policy uncertainty that prevailed over the last few years. Add to that the geopolitical tensions. Multiply that by the risk of global trade wars and the risk of global recession.  CBSL has no choice imo

Look at the price of gold...


I feel CB has taken a very good decision to reduce the market interest rates and hinting there will be a cap for lending rates if necessary.

Sorry to put this in a wrong section by mistake, can anyone change the section please.

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The Central Bank of Sri Lanka Reduces its Policy Interest Rates Empty Re: The Central Bank of Sri Lanka Reduces its Policy Interest Rates

Post by Ethical Trader on Sat Aug 24, 2019 4:26 am

Thanks for the explanation. Make a request to Mods or Admin to change it.
TraderCSE wrote:
Ethical Trader wrote:CB has given fairly acceptable reasons for the reduction. ?Why this should be in the entertainment section.  
puliyanam wrote:@TraderCSE, you have put this in entertainment section. By implications, all central bankers and economists should feel like jokers :-)

Cowardly terrorist attacks have dealt a blow to the economy. Add to that the policy uncertainty that prevailed over the last few years. Add to that the geopolitical tensions. Multiply that by the risk of global trade wars and the risk of global recession.  CBSL has no choice imo

Look at the price of gold...


I feel CB has taken a very good decision to reduce the market interest rates and hinting there will be a cap for lending rates if necessary.

Sorry to put this in a wrong section by mistake, can anyone change the section please.
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