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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Interest Rates - CBSL Outlook

Interest Rates - CBSL Outlook

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1Interest Rates - CBSL Outlook Empty Interest Rates - CBSL Outlook Tue Sep 26, 2017 11:20 am

plsp1

plsp1
Stock Analytic
Stock Analytic
The Monetary Board has decided to keep the current interest rates as is. Inflation while recording an uptick in August is expected to remain well within the single mid digit year end target. The reserves have also increased to US$ 7.3 B as well. Given that the Federal Reserve Bank also kept their rates steady, eased the pressure for the MB to even consider a possible revision. 

If the new flows to the financial markets, both equity and bonds keep steady, and the positive inflows expected towards the latter part / beginning of next year, the outlook for the economy is positive. Hopefully, tourism earnings and inflows from foreign remittances will grow, giving the government the ability to build up sufficient reserves to meet the debt burden as well.

Please see http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20170926e.pdf
for Monetary Board Communication.

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