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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka becomes first in Asia to tighten policy in pandemic-era

Sri Lanka becomes first in Asia to tighten policy in pandemic-era

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God Father


Manager - Equity Analytics
Manager - Equity Analytics
MUMBAI (Reuters) - The Central Bank of Sri Lanka (CBSL) became the first in Asia on Thursday to raise interest rates since the pandemic began, as it acted to stem inflationary pressure and high imports, one of the factors behind the rupee's 8% depreciation this year.
The central bank increased the standing deposit facility rate and the standing lending facility rate by 50 basis points each to 5% and 6%, respectively

https://www.google.com/amp/s/m.uk.investing.com/news/economy/sri-lanka-becomes-first-in-asia-to-raise-interest-rates-since-pandemic-2446415%3fampMode=1

Wickyz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
End of CSE

nigma likes this post

chandike73

chandike73
Manager - Equity Analytics
Manager - Equity Analytics
No big impact on CSE

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