Notable
Cannot accumulate foreign exchange reserves through market distortions, money printing, or heavy foreign borrowing
India transitioned to flexible inflation targeting in 2016 after earlier regimes created public confusion
Inaugural feature essay questions the prevailing policy belief that an inflation target of 5 to 7 percent is benign
“The Central Bank intervention in the domestic foreign exchange market was primarily aimed at curtailing undue exchang...
CB says fall in reserves caused by higher import outflows rather than intervention to protect the exchange rate
Department generates vast volume of documents that must be reviewed, stored, and retrieved.
Central Bank has breached the inflation target for many months since agreed for 5% goal
This is the arrangement for many other countries as well
Performance criteria on non-default missed due to hacking
.
CB raised OPR by 100 basis points, the first hike in 12 months
Cash short banks will now have to get LOLR at 9.25-pct
Central Bank and Finance Ministry under consultation to decide if inflation target should be lowered in August
"We obviously intervene... the reason for building reserves is that part of that should be used to manage volatility,
The Central Bank has been aggressively building reserves ahead of external debt repayment for bond holders
Commerical Banks offering dollars for import TTs at 323 to the US dollar
| Latest | Last | |
|---|---|---|
| US Dollar | 328.5966 | 328.3421 |
| UK Pound | 443.6711 | 443.5573 |
| Euro | 381.3692 | 381.2380 |
| Yen | 2.1270 | 2.1030 |
| Aus Dollar | 235.1437 | 236.4720 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.4427 | 3.4747 |
| Korean Won | 0.2438 | 0.2442 |
| Oman Rial | 853.4755 | 852.8366 |
| Saudi Riyal | 87.5068 | 87.4390 |
| UAE Dirham | 89.4627 | 89.3934 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,002.46 | -0.02% |
| CSE All Share | 21,382.74 | +0.12% |
| Turnover Rs | 1129.82 million | 2133.62 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
Analysts say sudden rise in inflation may put the central bank's monetary policy under pressure
Monthly budget deficit falls to Rs3.8bn in January. Current budget in surplus
Exchange rates of reserve collecting central banks depreciate due to violating a law of nature described by Hume
Sri Lanka's central bank started to escape accountability for exchange rate depreciation from around 1980
Therefore, what is visible to us is that the deflation did not negatively affect our economy
We will maintain all what we have relaxed so far. Those will prevail
Says current low inflation provides sufficient space to accommodate impact of higher energy prices
CB says Middle East conflict, price volatility, adverse weather could pose risks
Stakeholder consultation planned
The swap volumes will be disclosed on an ongoing basis
Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20). Your California Privacy Rights. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Condé Nast. Ad Choices.
Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
© 2023 Echelon Media (PVT) Ltd. All Rights Reserved
3 min read