How come?
Governor CBSL Speech, Comments at Ceylon Chamber of Commerce, 28th April 8am
⁃ LKR Govt securities and SLDB will not be restructured
⁃ Don’t need to increase rates to 30% because inflation goes beyond 30%
⁃ Underlying inflation is the key which is being monitored
⁃
Increase in interest rates temporary
⁃
After 3 months expect easing
⁃ IMF action will start May and go on irrespective of Govt issues etc
⁃ Social safety net for masses, expect announcement
⁃ Open account being used for Imports will be restricted
⁃ Reduce import bill to USD1.5b per month
⁃ China will be treated equally with other lenders, if it drags on, not good for both parties
(from FB)
Anyway they could never hold on. It was too good to be true.
Repurchase agreement?
