Sri Lanka expects inflation to slow, rates unchanged

ErangaDS · 1 Sri Lanka expects inflation to slow, rates unchanged Thu Oct 06, 2022 9:19 am

ErangaDS

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Sri Lanka is maintaining current policy rates with inflation (the rate of increase in prices) expected to ease from the next few months, the Central Bank said.
https://economynext.com/sri-lanka-expects-inflation-to-slow-rates-unchanged-100746/

rajini

rajini

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It is not going to happen very soon. From November exporters will be taxed 30% and from December rupee will be free floated. It means rupee will be down another 30% by December.

cseboss

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rajini wrote:It is not going to happen very soon. From November exporters will be taxed 30% and from December rupee will be free floated. It means rupee will be down another 30% by December.

Thanks for the update.. Mr.Govenor. Very Happy

You seems knowing everything than the governor...lol

rajini

rajini

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cseboss wrote:

rajini wrote:It is not going to happen very soon. From November exporters will be taxed 30% and from December rupee will be free floated. It means rupee will be down another 30% by December.

Thanks for the update.. Mr.Govenor.
You seems knowing everything than the governor...lol

Please be aware CB and ministry of finance came to an agreement with IMF recently.
Governor must know about these things. He represented SL during the IMF deal. He didn't reject these statements made by IMF and COPE.
During the last week there were lot of discussion on 30% export tax. This was widely discussed in COPE when BOI seek approval for tax relief to HCL software company.

https://www.themorning.lk/export-companies-taxed-up-to-30-from-november/

During the IMF press release after approving 2.9 Billions they mentioned about Flexible interest rates.

https://www.imf.org/en/News/Articles/2022/09/01/pr22295-imf-reaches-staff-level-agreement-on-an-extended-fund-facility-arrangement-with-sri-lanka
Rebuilding foreign reserves through restoring a market-determined and flexible exchange rate, supported by the comprehensive policy package under the program;

I think you might be the only person who don't aware of the things happening in SL.

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Sri Lanka expects inflation to slow, rates unchanged

1 Sri Lanka expects inflation to slow, rates unchanged Thu Oct 06, 2022 9:19 am

ErangaDS

2 Re: Sri Lanka expects inflation to slow, rates unchanged Thu Oct 06, 2022 10:24 am

rajini

3 Re: Sri Lanka expects inflation to slow, rates unchanged Thu Oct 06, 2022 10:36 am

cseboss

4 Re: Sri Lanka expects inflation to slow, rates unchanged Thu Oct 06, 2022 12:54 pm

rajini