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Sunday September 24th, 2023
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CB gets Rs220bn in bills, 2.49 in bonds
Ravi Rathnayake, Anuska Wijesinghe, new members
The exchange rate has depreciated somewhat since June
Net purchases negative for the third month
With IMF reserve targets it is not possible to operate a clean floating exchange rate
The August number is slightly lower than 541 million US dollars in July
Sri Lanka has repaid a swap to Bangladesh
Sri Lanka 12-month inflation is already below 5 percent.
In that situation, in that crisis mode, they used their interest rate
The central bank has operated broadly deflationary open market operations
Food prices down over 12-months
Profits go by approximately Rs575bn rupees in six months
The price controls shall apply to existing and new rupee loans.
Market lending rates are still high despite the central bank's rate reduction
Bangladesh expects the next installment within two weeks, the newspaper said.
| Latest | Last | |
|---|---|---|
| US Dollar | 330.2942 | 315.1016 |
| UK Pound | 429.0139 | 401.1871 |
| Euro | 372.1704 | 343.1959 |
| Aus Dollar | 227.2526 | 211.5951 |
| Yen | 2.3820 | 2.1908 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.6453 | 3.5932 |
| Korea Won | 0.2342 | 0.2292 |
| Oman Rial | 780.3569 | 769.4973 |
| Saudi Riyal | 80.1114 | 78.9849 |
| UAE Dirham | 81.7952 | 80.6569 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,573.80 | 1.00% |
| CSE All Share | 9,073.41 | 0.65% |
| Turnover Rs million | 1,591,766,524.95 | 1,029,335,694.32 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 21.72 | 21.79 |
| 6-m bill | 19.55 | 20.31 |
| 12-m bill | 17.72 | 19.28 |
| 5-yr bond | 21.00 | 22.53 |
| 8-yr bond | 19.42 | 20.55 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 13.93 | 14.00 |
| Gilt Repo | 13.50 | 14.00 |
| I-m SLIBOR | - | - |
In July the central bank sold 41.5 million US dollars to banks after buying 29 million dollars
The market is still short
Sri Lanka has met many targets
And is it easy. I'm not to blame for the intellectual limitations of the economists from Juntos por el Cambi.
The central bank has been on a dovish monetary policy stance as the inflation was falling faster than expected
Sri Lanka's forex reserves have grown steadily from 1,705 million US dollars in October
Now those uncertainties have been allayed to a great extent
The legal tender in Sri Lanka for domestic payments and settlements will remain as Sri Lanka Rupees
From September 2022 to July 2023, the central bank has created only 0.47 percent inflation
Up to June the BOP surplus was 1,958 million dollars
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