Central Bank (CBSL) Updates

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Fri Feb 16, 2018 6:59 am

Monetary Policy Review: No. 1 – 2018

Monetary Policy Decision: Policy rates unchanged
Standing Deposit Facility Rate (SDFR) 7.25%
Standing Lending Facility Rate (SLFR) 8.75%
Statutory Reserve Ratio (SRR) 7.50%

http://www.cbsl.gov.lk/pics_n_docs/02_p ... 80215e.pdf
"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Fri Feb 16, 2018 7:00 am

SL Purchasing Managers’ Index (PMI) Survey – January 2018

http://www.cbsl.gov.lk/pics_n_docs/late ... 0215e2.pdf
"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Wed Feb 21, 2018 3:57 pm

"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Thu Feb 22, 2018 9:00 am

"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Tue Feb 27, 2018 7:44 am

"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Tue Feb 27, 2018 4:15 pm

"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
dhanurrox
Top Contributor
Top Contributor
Posts: 993
Joined: Sat Sep 10, 2016 1:36 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby dhanurrox » Mon Mar 05, 2018 8:14 pm

Sri Lanka Central Bank says does not see hike in market interest rates


ECONOMYNEXT – Sri Lanka’s Central Bank said it does not expect an increase in market interest rates in the near term, contrary to speculation, with economic growth below potential, leaving space for demand to expand without fuelling inflationary pressures.

“ . . . the general public is advised not to be misled by false media reports on the Central Bank’s expectations on future behaviour of interest rates,” it said in a statement, responding to media reports claiming that the Central Bank expects a rise in domestic interest rates.

The reasons cited in the reports for such expectation are a decline in reserves, higher than expected imports and increased interest rates on government securities.

“The Central Bank emphasises that, based on its current projections, an increase in market interest rate is not expected in the near term,” the statement said.

“The recent movements in headline inflation, core inflation, inflation expectations, broad money growth, credit expansion, expansion in economic activity as well as the international reserve position do not justify the view that a rational market would also expect an increase in interest rates.”

The central bank said that with the decline in food inflation, headline inflation has reverted to mid-single digit levels faster than expected, while core inflation, which is an indicator of demand driven inflation, has remained subdued.

Inflation expectations, as measured by the Inflation Expectations Survey of the Central Bank, have moderated.

“Economic growth has remained below potential, implying that there is space for aggregate demand to expand without fuelling inflationary pressures,” it said.
“Both broad money expansion and credit expansion have decelerated to expected levels by end 2017. Some fiscal sector indicators, such as the primary balance and revenue collection, have shown improvements.”

The central bank also said that official reserves are currently estimated at around 7.9 billion US dollars compared to $6.0 billion at end-2016.

The improvement in reserves is recorded on both quantitative and qualitative aspects, with the Central Bank purchasing $1.7 billion from the domestic market on a net basis in 2017 and $284 million so far during 2018.

“Although recent global market developments and domestic uncertainties attributed to non-economic factors have generated some volatility in the domestic market in the month of February, such volatility is expected to be short lived,” the central bank said.

“In fact, the foreign exchange market has already stabilised while speculation in the government securities market has also moderated substantially.”
(COLOMBO, March 05, 2018)

http://www.economynext.com/Sri_Lanka_Ce ... 045-1.html

User avatar
SHARK
Savant
Savant
Posts: 15871
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: Central Bank (CBSL) Updates

Postby SHARK » Tue Mar 06, 2018 5:12 pm

The Central Bank yesterday denied it would raise interest rates in the near term, insisting that reserves, inflation and other macroeconomic elements are on target, and an interest rate increase was not deemed necessary by the monetary authority.

The Central Bank in a statement said its attention has been drawn to a few recent media reports, claiming that the Central Bank is expecting a rise in domestic interest rates in the period ahead. The reasons cited in the said reports for such expectation are a decline in reserves, higher than expected imports, and increased interest rates on government securities.

However, the Central Bank emphasised that, based on its current projections, an increase in market interest rate is not expected in the near term. “The recent movements in headline inflation, core inflation, inflation expectations, broad money growth, credit expansion, and expansion in economic activity as well as the international reserve position do not justify the view that a rational market would also expect an increase in interest rates.”

With the decline in food inflation, headline inflation has reverted to mid-single digit levels faster than expected, while core inflation, which is an indicator of demand driven inflation, has remained subdued. Inflation expectations, as measured by the Inflation Expectations Survey of the Central Bank, have moderated. Economic growth has remained below potential, implying that there is space for aggregate demand to expand without fuelling inflationary pressures.

Both broad money expansion and credit expansion have decelerated to expected levels by end 2017. Some fiscal sector indicators, such as the primary balance and revenue collection, have shown improvements, the statement said.

With regard to the external sector, official reserves are currently estimated at around $7.9 billion compared to $6.0 billion at end 2016. The improvement in reserves is recorded on both quantitative and qualitative aspects, with the Central Bank purchasing $1.7 billion from the domestic market on a net basis in 2017 and $284 million so far during 2018.

Although recent global market developments and domestic uncertainties attributed to non-economic factors have generated some volatility in the domestic market in the month of February, such volatility is expected to be short lived. In fact, the foreign exchange market has already stabilised while speculation in the government securities market has also moderated substantially.

As such, the general public is advised not to be misled by false media reports on the Central Bank’s expectations on future behaviour of interest rates.
Price is what you pay. Value is what you get.”

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Wed Mar 07, 2018 4:16 pm

"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

IMF Staff Concludes the 2018 Article IV Mission with Sri Lanka and Discusses Progress of Economic Reform Program

Postby NC+ » Sat Mar 10, 2018 9:17 am

"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
SHARK
Savant
Savant
Posts: 15871
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: Central Bank (CBSL) Updates

Postby SHARK » Sat Mar 10, 2018 9:23 am

Thanks NC.
All may lead to more fiscal discipline !

This is great.
Price is what you pay. Value is what you get.”

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Wed Mar 14, 2018 5:37 pm

"Letting your emotions over-ride your plan or system is the biggest cause of failure."

newer1
Technical Analyst
Technical Analyst
Posts: 755
Joined: Fri Jul 22, 2016 10:36 pm
Location: Sri lanka
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby newer1 » Wed Mar 21, 2018 8:33 pm

press_20180321e.pdf
You do not have the required permissions to view the files attached to this post.
BE A FRIEND OF TREND

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Fri Mar 23, 2018 6:32 am

Inflation in February 2018

Headline Inflation, as measured by the change in the National Consumer Price Index (NCPI, 2013=100), which is compiled by the Department of Census and Statistics (DCS), decreased to 3.2 per cent in February 2018 from 5.4 per cent in January 2018, on year-on-year basis. The high base prevailed in February 2017 as well as the monthly decline in Food prices in February 2018 supported by the favourable supply conditions attributed to this sharp decline in year-on-year inflation in February 2018.

http://www.cbsl.gov.lk/pics_n_docs/late ... 0321e1.pdf
"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Tue Mar 27, 2018 8:34 pm

"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
SHARK
Savant
Savant
Posts: 15871
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: Central Bank (CBSL) Updates

Postby SHARK » Fri Mar 30, 2018 12:29 pm

ECONOMYNEXT - Sri Lanka's bond yields rose sharply as the market took stock of two tax changes coming into effect from April, with auctions yields rising around 80 basis points for longer term maturities, dealers said.

A 10-year bond maturing on 01.09.2028 were sold at the action at a weighted average yield of 11.18 percent, up from 10.30/35 percent levels before the auction for the same maturity. The cut-off estimated at around 11.75 percent at least.

The auction has a settlement date of April 02.

On earlier auctions, investors bid at a so-called gross rate including a 10 percent withholding tax, and paid the debt office cash 10 percent lower after deducting withholding tax upfront.

From this auction, primary dealers bid at the 'gross rate' and also paid the cash to the debt office at the same rate with 'up front withholding tax' no longer deducted.

Many clients therefore demanded higher rates (a gross rate) than earlier, dealers said. Under the earlier system the Treasury 'paid' a higher rate, and collected 10 percent as taxes as a book entry.
Price is what you pay. Value is what you get.”

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Wed Apr 04, 2018 7:46 am

Monetary Policy Review: No. 2 – 2018

Monetary Policy Decision: SLFR reduced by 25 bps
Standing Deposit Facility Rate (SDFR) 7.25%
Standing Lending Facility Rate (SLFR) 8.50%
Statutory Reserve Ratio (SRR) 7.50%

https://www.cbsl.gov.lk/sites/default/f ... _U45p3.pdf
"Letting your emotions over-ride your plan or system is the biggest cause of failure."

lukedesilva
Senior Member
Senior Member
Posts: 755
Joined: Mon Apr 06, 2015 8:39 am

Re: Central Bank (CBSL) Updates

Postby lukedesilva » Wed Apr 04, 2018 8:52 am

Thanks

User avatar
voight
Top Contributor
Top Contributor
Posts: 841
Joined: Sat Jul 23, 2016 4:08 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby voight » Wed Apr 04, 2018 2:52 pm

Rates down.

What happens when US FED increases rates as planned ? LKR will devalue further
No tree grows to the sky :-?

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Wed Apr 04, 2018 4:22 pm

"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
SHARK
Savant
Savant
Posts: 15871
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: Central Bank (CBSL) Updates

Postby SHARK » Fri Apr 06, 2018 1:16 pm

ECONOMYNEXT - Sri Lanka's cabinet of ministers had given approval for legal changes to make the country's central bank independent ahead of the country moving into a modified inflation targeting regime, the government said.

Sri Lanka's central bank was built under US advice in 1951 to move the country in to a now-collapsed Bretton Woods dollar soft-peg system, and helped bring high inflation, draconian exchange controls, economic collapse and political instability which comes with high inflation and currency collapse.

The law had strong features of fiscal dominance of monetary policy, with the Treasury secretary being a member of the rate setting monetary board, who could veto attempts to raise interest rates when budget deficits went up and stop printing money.

Changes to laws governing the central bank and related laws were approved by the cabinet this week, the state information office said.

The central bank's money printing ability helped politicians create chronic budget deficits removing a so-called 'hard budget constraint' that existed with the earlier monetary arrangement involving a currency board and a permanently fixed exchange rate
Price is what you pay. Value is what you get.”

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Sun Apr 08, 2018 7:24 am

External Sector Performance – January 2018

https://www.cbsl.gov.lk/sites/default/f ... 2018_e.PDF
"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Tue Apr 10, 2018 5:15 pm

"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
NC+
Moderator
Moderator
Posts: 2875
Joined: Wed Oct 12, 2016 3:43 pm
Flag: Sri Lanka

Re: Central Bank (CBSL) Updates

Postby NC+ » Tue Apr 17, 2018 6:08 am

SL Purchasing Managers’ Index (PMI) – March 2018
https://www.cbsl.gov.lk/sites/default/f ... 2018_e.pdf

Public awareness on Virtual Currencies in Sri Lanka
https://www.cbsl.gov.lk/sites/default/f ... anka_e.pdf
"Letting your emotions over-ride your plan or system is the biggest cause of failure."

User avatar
SHARK
Savant
Savant
Posts: 15871
Joined: Sun Jan 11, 2015 10:03 pm
Location: Abu Dhabi
Flag: Sri Lanka
Contact:

Re: Central Bank (CBSL) Updates

Postby SHARK » Tue Apr 17, 2018 6:11 am

Thanks NC
Price is what you pay. Value is what you get.”


Return to “Stock Market Talkz”

Who is online

Users browsing this forum: No registered users and 4 guests