Sri Lanka central bank seen standing pat but rate cut not ruled out: Reuters poll

COLOMBO - Sri Lanka’s central bank is expected to leave its key interest rates steady on Monday, a Reuters poll showed, but analysts aren’t ruling out an easing as the rupee steadies and policymakers aim to boost economic growth ahead of elections.

The rupee, which fell to a record low in early January, has bounced over 4.8 percent since then, giving policymakers some breathing room to address growth concerns. The central bank unexpectedly slashed banks’ SRR by 100 basis points in February to spur credit growth after a political crisis triggered credit downgrades by all three major global rating agencies.

Obviously there will have to be a rate cut. Yields on government securities are falling by 25 bps daily. The rupees has appreciated considerably raising concerns of Dutch disease.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Russia seen cutting rate in 2019 amid stable inflation outlook - Reuters pollThe Russian central bank is likely to cut interest rates near the end of this ye... 'The price of polonium and novichok has been steady'
Source: Reuters - 🏆 2. / 97 Read more »

Fed done raising interest rates; significant chance of cut in 2020: Reuters pollThe U.S. Federal Reserve is done raising interest rates until at least the end o... Will the Federal Reserve stop unwinding the scheduled debt, too? Trump can’t take credit. End of story.
Source: Reuters - 🏆 2. / 97 Read more »