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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Central Bank hikes interest rates and limits bank credit growth

Central Bank hikes interest rates and limits bank credit growth

5 posters

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cse.alpha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Central Bank hikes interest rates and limits bank credit growth

- Read full statement at : http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20120203e.pdf

Market interest rates have already been moving up the past three months, with 1 year bank fixed deposits rising to as high as 12% at some banks, and finance companies offering north of 13% p.a. for 1 year FDs

Light of Hope


Vice President - Equity Analytics
Vice President - Equity Analytics

fixed deposit looking more attractive than CSE nowadays

prasa2004


Manager - Equity Analytics
Manager - Equity Analytics

Policy statement gives a good direction to removes the uncertainity of exchange rates/devaluation. so foreigners now can be sure there is no immediate threat of depriciation and rupee will hold its value. From recent days india is attracting inflows and with US having zero rates for next 3 years, SL is in also good position to get the much needed inflows back. Overall good for the market on long term and short term may have negative impact where locals could not get higher margin funds (as CbSL has put breaks on banks) and some may prefer to park funds in FDs.

vandey


Stock Trader

prasa2004 wrote:Policy statement gives a good direction to removes the uncertainity of exchange rates/devaluation. so foreigners now can be sure there is no immediate threat of depriciation and rupee will hold its value. From recent days india is attracting inflows and with US having zero rates for next 3 years, SL is in also good position to get the much needed inflows back. Overall good for the market on long term and short term may have negative impact where locals could not get higher margin funds (as CbSL has put breaks on banks) and some may prefer to park funds in FDs.

true dat we need inflow, but if i remember correct the last $ bond issue was at a 4-5% rate, which is way more high as i feel. ultimately who is gonna pay that interest is the question. Unless the govt invest them in a better way.

Any idea on Hindustani rates?

vandey


Stock Trader

cse.alpha wrote:
Market interest rates have already been moving up the past three months, with 1 year bank fixed deposits rising to as high as 12% at some banks

Name few pls

Nigel.Machado


Manager - Equity Analytics
Manager - Equity Analytics

vandey wrote:
cse.alpha wrote:
Market interest rates have already been moving up the past three months, with 1 year bank fixed deposits rising to as high as 12% at some banks

Name few pls

check these yourself....

ntb-12% http://www.nationstrust.com/inpages/contact/deposit_rates.shtml

sampath-11% http://www.sampath.lk/interestrates.php

seylan-11% http://www.eseylan.com/interest_rates.php

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