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Our Nation needs leaders to be in favor of the nation, not Ehelepola Nilame style betrayal

4 posters

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sheildskye

sheildskye
Manager - Equity Analytics
Manager - Equity Analytics

Our next Betrayer high ranking as the Ehelepola Nilame.

https://www.reuters.com/world/asia-pacific/sri-lanka-holds-rates-keep-lid-inflation-after-securing-imf-deal-2023-04-04/ 
Why are interest rates kept high? is it because the government wants to adopt policies setout by the west which involves bringing the agricultural sector in the island nation to an abrupt end?

YOU ARE THE GOVERNOR OF THE CENTRAL BANK OF SRI LANKA, NOT PRESIDENT OF A 'GEORGE SOROS CORPORATION'.
Our Nation needs leaders to be in favor of the nation, not Ehelepola Nilame style betrayal 1x-110

reyaz

reyaz
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

He is doing the best he can. The government is not at all involved with the duties carried out by the Governor of the central bank. However in this instance, it is owing to conditions agreed upon between the Government & the IMF that the interest rates was increased last month with no change to take place till august. The central bank monetary board is following advice of experts when taking such decisions. The Central bank is an independent institution and has not been directed by the members of the cabinet or the president. Please make a note of that before commenting any further.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

I also think present governor is doing his best.

But we can't expect same type of people allways.

We all know what has happened under Cabral and Arjuna Mahendran

God Father


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

D.G.Dayaratne wrote:I also think present governor is doing his best.

But we can't expect same type of people allways.

We all know what has happened under Cabral and Arjuna Mahendran

One of the first steps that was taken by the Monetary Board under Governor Nandalal Weerasinghe within a few hours of his taking office (probably on the instructions of the IMF) was to increase the CBSL’s policy interest rates by a massive 700 bps. This is referred to by the IMF Staff in their statement (page 18). It has been said that such policy measure was taken to rein in inflation [as measured by the Colombo Consumers Price Index that had increased to 18.7% by March 2022], and to reduce the monetary accommodation of the Government by the CBSL. While it is very doubtful as to whether inflation has been favourably impacted in any manner by this massive and unprecedented increase in the CBSL policy rates, there has of course been a sharp and unbearable increase in the Government’s borrowing costs due to the resulting increase in the Treasury Bill and Bond yield rates. It has also not led to a reduction in the monetary accommodation of the Government by the Central Bank and has, in fact, worsened.

Nandalal is not a traitor, he is just an IMF Proxy!

Sri Lanka. Issue of Treasury Bills during and after Covid-19

Our Nation needs leaders to be in favor of the nation, not Ehelepola Nilame style betrayal Scree320

reyaz likes this post

sheildskye

sheildskye
Manager - Equity Analytics
Manager - Equity Analytics

reyaz wrote:He is doing the best he can. The government is not at all involved with the duties carried out by the Governor of the central bank. However in this instance, it is owing to conditions agreed upon between the Government & the IMF that the interest rates was increased last month with no change to take place till august. The central bank monetary board is following advice of experts when taking such decisions. The Central bank is an independent institution and has not been directed by the members of the cabinet or the president. Please make a note of that before commenting any further.
They are soo independent there are thieves in there, all they need is their own police unit and they will be another country. Did you even hear about the 5 mil?

isurikumari likes this post

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