ශ්රී ලංකා මහ බැංකුවේ මුදල් මණ්ඩලය ඊයේ(05) පැවැත්වූ රැස්වීමේදී නිත්ය තැන්පතු පහසුකම් අනුපාතිකය සහ නිත්ය ණය පහසුකම් අනුපාතිකය පදනම් අංක 200 කින් පහල දැමීමට තීරණය කර තිබේ. ඒ අනුව නිත්ය තැන්පතු පහසුකම් අනුපාතිකය සියයට 11 දක්වාත් නිත්ය ණය පහසුකම් අනුපාතිකය සියයට 12 දක්වාත් පහල දැමීමට ශ්රී ලංකා මහ බැංකුවේ මුදල් මණ්ඩලය කටයුතු කර ඇත. ශ්රී ලංකා ආර්ථිකයේ වත්මන් වර්ධනයන් සහ අපේක්ෂිත වර්ධනයන් විශ්ලේෂණය කිරීමෙන් අනතුරුව මුදල් මණ්ඩලය මෙම තීරණයට එළඹ තිබේ.
- https://www.lankadeepa.lk/news/බැංකු--පොලිය-පහළ--දමයි/101-635942
Thursday July 6, 2023 7:41 am
ECONOMYNEXT – Sri Lanka’s central bank said it had cut policy interest rates 200 basis points 12.00 percent and 11.00 percent, in July monetary policy meeting asking banks to lower lending rates.
The central bank has created only about 1.5 percent inflation since September 2022, data shows, after tightening monetary policy and stabilizing the exchange rate.
ECONOMYNEXT – Sri Lanka’s central bank said it had cut policy interest rates 200 basis points 12.00 percent and 11.00 percent, in July monetary policy meeting asking banks to lower lending rates.
The central bank has created only about 1.5 percent inflation since September 2022, data shows, after tightening monetary policy and stabilizing the exchange rate.
Unlike in past currency crisis when the central bank did not allow the currency to appreciate immediately despite negative credit that usually accompanies the correction of mis-targeted policy rates, this time the rupee has been allowed to strengthen, helping reverse prices of traded commodities.
The US is also tightening policy, helping moderate global commodity prices.
“The full passthrough of the appreciation of the Sri Lanka rupee against the US dollar thus far in 2023 is yet to be reflected in the price levels, a factor that could further support the disinflation process,” the central bank said.
“As per the latest projections of the Central Bank, headline inflation is expected to decelerate further and reach single digit levels by early Q3-2023 and stabilise around mid-single digit levels over the medium term.”
The central bank urged banks to cut lending rates fast, warning of possible price controls.
Sri Lanka has also avoided a broader re-structuring of government bonds after default, re-establishing confidence in government bond among buyers and helping rates fall fast.
https://www.lankadeepa.lk/news/බැංකු--පොලිය-පහළ--දමයි/101-635942
- https://www.lankadeepa.lk/news/බැංකු--පොලිය-පහළ--දමයි/101-635942
Sri Lanka cuts policy rates 200bp
Thursday July 6, 2023 7:41 am
ECONOMYNEXT – Sri Lanka’s central bank said it had cut policy interest rates 200 basis points 12.00 percent and 11.00 percent, in July monetary policy meeting asking banks to lower lending rates.
The central bank has created only about 1.5 percent inflation since September 2022, data shows, after tightening monetary policy and stabilizing the exchange rate.
ECONOMYNEXT – Sri Lanka’s central bank said it had cut policy interest rates 200 basis points 12.00 percent and 11.00 percent, in July monetary policy meeting asking banks to lower lending rates.
The central bank has created only about 1.5 percent inflation since September 2022, data shows, after tightening monetary policy and stabilizing the exchange rate.
Unlike in past currency crisis when the central bank did not allow the currency to appreciate immediately despite negative credit that usually accompanies the correction of mis-targeted policy rates, this time the rupee has been allowed to strengthen, helping reverse prices of traded commodities.
The US is also tightening policy, helping moderate global commodity prices.
“The full passthrough of the appreciation of the Sri Lanka rupee against the US dollar thus far in 2023 is yet to be reflected in the price levels, a factor that could further support the disinflation process,” the central bank said.
“As per the latest projections of the Central Bank, headline inflation is expected to decelerate further and reach single digit levels by early Q3-2023 and stabilise around mid-single digit levels over the medium term.”
The central bank urged banks to cut lending rates fast, warning of possible price controls.
Sri Lanka has also avoided a broader re-structuring of government bonds after default, re-establishing confidence in government bond among buyers and helping rates fall fast.
https://www.lankadeepa.lk/news/බැංකු--පොලිය-පහළ--දමයි/101-635942
