The Investor Sentiment - Equity and investments forum for Sri Lankans
Search
 
 

Display results as :
 


Rechercher Advanced Search

Latest topics
» Gota's Era
Sri Lanka Central Bank Governor asks markets to remain calm EmptyToday at 1:48 pm by slstock

» Coronavirus Updates
Sri Lanka Central Bank Governor asks markets to remain calm EmptyToday at 8:19 am by The Invisible

» Thread for News on CSE and SL Economy
Sri Lanka Central Bank Governor asks markets to remain calm EmptyToday at 8:10 am by The Invisible

» Thread for News on International Markets
Sri Lanka Central Bank Governor asks markets to remain calm EmptyYesterday at 10:25 pm by The Invisible

» Men hired for sexual fantasy break into wrong house
Sri Lanka Central Bank Governor asks markets to remain calm EmptyYesterday at 10:41 am by Backstage

» One of Trump's favorite pollsters shows his approval plummeting
Sri Lanka Central Bank Governor asks markets to remain calm EmptyThu May 28, 2020 10:08 pm by The Invisible

» AEL Access Engineering
Sri Lanka Central Bank Governor asks markets to remain calm EmptyThu May 28, 2020 9:59 pm by spw19721

» Grain Elevators
Sri Lanka Central Bank Governor asks markets to remain calm EmptyThu May 28, 2020 9:09 pm by The Invisible

» Carlton Sports Network to resume broadcasts soon – Rohan Welivita
Sri Lanka Central Bank Governor asks markets to remain calm EmptyWed May 27, 2020 8:55 pm by කිත්සිරි ද සිල්වා

» Webinar this Sunday. 'Attractiveness and Opportunities in the CSE'.
Sri Lanka Central Bank Governor asks markets to remain calm EmptyTue May 26, 2020 9:56 pm by කිත්සිරි ද සිල්වා

» Central Bank expects V-shaped recovery amid pent-up demand
Sri Lanka Central Bank Governor asks markets to remain calm EmptyTue May 26, 2020 8:32 am by Backstage

» කොටස් වෙළෙඳපොළ ගනුදෙනු කාලය පස්වරු 2.30 දක්වා දීර්ඝ කෙරේ
Sri Lanka Central Bank Governor asks markets to remain calm EmptyMon May 25, 2020 5:43 pm by nirmal

» Access Engineering AEL Technical Analysis
Sri Lanka Central Bank Governor asks markets to remain calm EmptyMon May 25, 2020 4:44 pm by The Invisible

» Island-wide daytime curfews lifted from Tuesday – Presidential Secretariat
Sri Lanka Central Bank Governor asks markets to remain calm EmptyMon May 25, 2020 4:35 pm by The Invisible

» HNB.N0000 (Hatton National Bank PLC)
Sri Lanka Central Bank Governor asks markets to remain calm EmptyMon May 25, 2020 10:40 am by gosrilanka

» In the Meantime, Within Our Shores !
Sri Lanka Central Bank Governor asks markets to remain calm EmptySun May 24, 2020 10:27 pm by කිත්සිරි ද සිල්වා

» Webinar on economy in Sinhala. Today.
Sri Lanka Central Bank Governor asks markets to remain calm EmptySat May 23, 2020 4:53 pm by Backstage

» US Recovery? Some Americans Spent Stimulus Money on Toys While 4 Million Skipped Mortgage Payments
Sri Lanka Central Bank Governor asks markets to remain calm EmptySat May 23, 2020 8:01 am by The Invisible

» නොසන්සිඳෙන ආශාව!
Sri Lanka Central Bank Governor asks markets to remain calm EmptyFri May 22, 2020 10:29 pm by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka Central Bank Governor asks markets to remain calm EmptyFri May 22, 2020 8:39 pm by spw19721

» ද ෆිනෑන්ස්‘ ව්‍යාපාර කටයුතු අද සිට හමාරයි
Sri Lanka Central Bank Governor asks markets to remain calm EmptyFri May 22, 2020 5:03 pm by nihal123

» Asia virus latest: cyclone prompts infection fears; Korea football row over sex dolls
Sri Lanka Central Bank Governor asks markets to remain calm EmptyFri May 22, 2020 7:09 am by The Invisible

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka Central Bank Governor asks markets to remain calm EmptyFri May 22, 2020 5:42 am by NIRMALSG

» JKH.N0000
Sri Lanka Central Bank Governor asks markets to remain calm EmptyThu May 21, 2020 9:08 pm by The Invisible

» Webinar on Capital market tomorrow 6pm
Sri Lanka Central Bank Governor asks markets to remain calm EmptyThu May 21, 2020 12:49 pm by කිත්සිරි ද සිල්වා

» New polls show trouble for Trump and Republicans in GOP strongholds
Sri Lanka Central Bank Governor asks markets to remain calm EmptyWed May 20, 2020 10:29 pm by කිත්සිරි ද සිල්වා

» මහ මැතිවරණය ජුනි 20
Sri Lanka Central Bank Governor asks markets to remain calm EmptyWed May 20, 2020 9:16 pm by The Invisible

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka Central Bank Governor asks markets to remain calm EmptyWed May 20, 2020 5:09 pm by The Invisible

» Ceylon Chamber proposes multi-sectoral approach for economic revival
Sri Lanka Central Bank Governor asks markets to remain calm EmptyWed May 20, 2020 4:22 pm by LSE

» ACL Cables
Sri Lanka Central Bank Governor asks markets to remain calm EmptyWed May 20, 2020 5:07 am by NIRMALSG

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
Sri Lanka Central Bank Governor asks markets to remain calm EmptyWed May 20, 2020 12:48 am by nihal123

» කොටස් වෙළෙඳපොළ අඛණ්ඩව 5 වන දිනයටත් ඉහළට. සියලු කොටස් ඒකක 94 කින් නගී
Sri Lanka Central Bank Governor asks markets to remain calm EmptyTue May 19, 2020 5:37 pm by The Invisible

» විදෙස් ආයෝජන
Sri Lanka Central Bank Governor asks markets to remain calm EmptyTue May 19, 2020 5:34 pm by nihal123

» RCL - Royal Ceramics
Sri Lanka Central Bank Governor asks markets to remain calm EmptyMon May 18, 2020 10:16 pm by The Invisible

» LDEV - Lankem Developments
Sri Lanka Central Bank Governor asks markets to remain calm EmptyMon May 18, 2020 10:09 pm by The Invisible

» Hayleys MGT
Sri Lanka Central Bank Governor asks markets to remain calm EmptyMon May 18, 2020 9:55 pm by The Invisible

» Tokyo Cement
Sri Lanka Central Bank Governor asks markets to remain calm EmptyMon May 18, 2020 9:49 pm by The Invisible

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka Central Bank Governor asks markets to remain calm EmptyMon May 18, 2020 8:00 pm by pathfinder

» Sri Lanka Bonds Win Fans After Becoming Worst Performer in Asia
Sri Lanka Central Bank Governor asks markets to remain calm EmptyMon May 18, 2020 10:52 am by serene

» Record price for Ceylon Tea…
Sri Lanka Central Bank Governor asks markets to remain calm EmptySun May 17, 2020 10:22 am by The Invisible

» Sri Lanka tea prices soar despite COVID-19 disruptions
Sri Lanka Central Bank Governor asks markets to remain calm EmptySun May 17, 2020 10:20 am by The Invisible

» පසුගිය සතියේ දී කොටස් වෙළෙඳපොළෙන් රු. බිලියන 3.5 ක ශුද්ධ විදේශීය ගලා යාමක්
Sri Lanka Central Bank Governor asks markets to remain calm EmptySat May 16, 2020 4:45 pm by nihal123

» Am Sure He was Joking !
Sri Lanka Central Bank Governor asks markets to remain calm EmptySat May 16, 2020 3:31 pm by slstock

» Films - To Watch List
Sri Lanka Central Bank Governor asks markets to remain calm EmptyThu May 14, 2020 9:44 pm by nirmal

» කලකට පසු කොටස් වෙළෙඳපොළේ කැපී පෙනෙන වර්ධනයක්. 2018 නොවැම්බර් මාසයෙන් පසු සියලු කොටස් මිල දර්ශකයේ ඉහළම ප්‍රතිශතාත්මක වර්ධනය අද
Sri Lanka Central Bank Governor asks markets to remain calm EmptyWed May 13, 2020 6:38 pm by nihal123

» Caught in Providence
Sri Lanka Central Bank Governor asks markets to remain calm EmptyTue May 12, 2020 2:24 pm by කිත්සිරි ද සිල්වා

» Users Online
Sri Lanka Central Bank Governor asks markets to remain calm EmptyMon May 11, 2020 8:38 am by slstock

» RECOMMENCEMENT OF TRADING
Sri Lanka Central Bank Governor asks markets to remain calm EmptySat May 09, 2020 11:25 am by The Invisible

» Sri Lanka forex reserves drop US$353mn to US$7.2mn in April
Sri Lanka Central Bank Governor asks markets to remain calm EmptyFri May 08, 2020 1:55 pm by The Invisible

» අසිරිමත් තෙමගුලක් ඔබ සියලු දෙන හට
Sri Lanka Central Bank Governor asks markets to remain calm EmptyFri May 08, 2020 12:25 am by Afourer

May 2020
SunMonTueWedThuFriSat
     12
3456789
10111213141516
17181920212223
24252627282930
31      

Calendar Calendar

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Sri Lanka Central Bank Governor asks markets to remain calm

Go down

Sri Lanka Central Bank Governor asks markets to remain calm Empty Sri Lanka Central Bank Governor asks markets to remain calm

Post by The Invisible on Tue Mar 17, 2020 2:59 pm


Sri Lanka Central Bank Governor asks markets to remain calm

Tuesday March 17, 2020 13:16:07

ECONOMYNEXT- Sri Lanka’s Central Bank Governor W. D. Lakshman called on financial institutions to not speculate and cause panic in the markets while passing on the benefits of lower lending rates to customers after an emergency policy rate and statutory reserve ratio (SRR) cut over the coronavirus pandemic.

“We have requested all financial institutions led by licensed commercial banks to pass to the market the full benefit of the cumulative reduction of 75 basis points in policy interest rates thus far during the year as well as the reduced cost of funds through the reduction in SRR without any delay,” he said.

“We have also requested financial institutions to refrain from engaging in speculative activity which could lead to panic in the financial market.”


The government declared Monday through Thursday as holidays, although banks, food distribution and essential services such as health continue to operate.

Lakshman said the Sri Lankan economy has begun a turnaround due to fiscal and monetary stimulus following the presidential election, after a long period of subdued growth.

“However, it is increasingly evident that domestic economic activity during the year 2020 would continue to be affected by the spread of the pandemic,” he said.

On Monday, the central bank in an emergency move cut the policy rates by 25 basis points.

Further, the SRR was cut by 1 basis point, which could add another 50 billion rupees in liquidity to money markets unless a 40 billion rupee liquidity injection on Friday is not mopped up.

The central bank and Treasury are coordinating efforts to ensure the economic impact from the pandemic is mitigated, and are observing the local and global developments closely.


The Invisible
The Invisible

Posts : 2142
Join date : 2016-11-28
Age : 40

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum