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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » SL interest rates to further come down - CB

SL interest rates to further come down - CB

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Antonym

Antonym
Vice President - Equity Analytics
Vice President - Equity Analytics
Sri Lanka’s Central Bank is to further reduce interest rates on par with developed countries to spur economic activity on the island, Central Bank Governor Ajith Nivard Cabraal said on Friday.

Speaking at the launch of the Finance Ministry’s 2012 annual report in Colombo, in the presence of President Mahinda Rajapaksa and Treasury Secretary P.B. Jayasundera, he said the difference between interest rates and inflation should be kept at a minimum level.

He noted that since inflation and inflationary pressures are low and do not pose any immediate risk to the economy and considering the current macroeconomic developments, a further downward adjustment to the policy rates is appropriate in order to stimulate domestic economic activity.

Last month, the banking regulator cut the reverse repurchase rate to 9 per cent from 9.5 per cent and the repurchase rate to 7 per cent from 7.5 per cent.

http://www.sundaytimes.lk/latest/34340-sl-interest-rates-to-further-come-down-cb.html

cseguide

cseguide
Vice President - Equity Analytics
Vice President - Equity Analytics
good news for market

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
waiting for the day of 14 06 2013 to get confirmation of rates......
Smile

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Will there be a another policy rate cut in near future?

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
i saw in a newspapers............
the date of decision or publication of the decision of "RATE CUT OR NOT" will be on 14 June 2013?

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