Interest rates will reduce further!

puliyanam · 1 Interest rates will reduce further! Tue Sep 23, 2014 8:02 am

puliyanam

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Access to parking excess funds by Banks with the Central Bank has been restricted with effect from today. All these days CBSL was paying an interest of 6.5% on excess funds that Banks place with it... from now on only on three time per month they will get 6.5% and rest of the days it will be 5%... so interest rates will come down....and what does it mean for equity??? Very Happy

Well you are the expert!

OzTRADER · 2 Re: Interest rates will reduce further! Tue Sep 23, 2014 8:12 am

OzTRADER

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puliyanam wrote:Access to parking excess funds by Banks with the Central Bank has been restricted with effect from today. All these days CBSL was paying an interest of 6.5% on excess funds that Banks place with it... from now on only on three time per month they will get 6.5% and rest of the days it will be 5%... so interest rates will come down....and what does it mean for equity??? Well you are the expert!

More money for investors and traders king

Enkri · 3 Re: Interest rates will reduce further! Tue Sep 23, 2014 5:04 pm

Enkri

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Interest rates will go down and share market will go up

jonny · 4 Re: Interest rates will reduce further! Tue Sep 23, 2014 5:49 pm

jonny

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[quote="puliyanam"]Access to parking excess funds by Banks with the Central Bank has been restricted with effect from today. All these days CBSL was paying an interest of 6.5% at does it mean for equity??? Very Happy

Well you are the expert!

[/quote

Dear friends,

When SLCB interrest rate go down will it effect EPF/ETF funds as well.?Will these funds present rate which pays to their member will also cut.??.Experts Plz advice.. scratch

EPS · 5 Re: Interest rates will reduce further! Tue Sep 23, 2014 6:25 pm

EPS

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Reduction of Interest Rates...Benefit goes to,
1. CFVF - target 80 soon
2. ESL - 80 soon
3. COCR - 65 soon

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Latest topics

Interest rates will reduce further!

1 Interest rates will reduce further! Tue Sep 23, 2014 8:02 am

puliyanam

2 Re: Interest rates will reduce further! Tue Sep 23, 2014 8:12 am

OzTRADER

3 Re: Interest rates will reduce further! Tue Sep 23, 2014 5:04 pm

Enkri

4 Re: Interest rates will reduce further! Tue Sep 23, 2014 5:49 pm

jonny

5 Re: Interest rates will reduce further! Tue Sep 23, 2014 6:25 pm

EPS