An Echelon Media Company
Thursday October 6th, 2022
Bellwether

Sri Lanka rates elevated amid failed float and DDR fears

Fear of a DDR/IFR event drive rates even higher

September 19, 2022 13 min read

Sri Lanka is wrong to scapegoat expat workers over Undiyal: Bellwether

Indian billion dollar credit line also works Undiyal fashion

July 25, 2022 6 min read

Sri Lanka, world's poor suffers from Fed's accidental discovery: Bellwether

It is through open market operations that money is printed to mis-target interest rates

June 15, 2022 13 min read

Sri Lanka's central bank needs accountability and restraint, not independence: Bellwether

The absolute discretion to print money through flexible inflation targeting cum output gap targeting has to be blocked

June 1, 2022 12 min read
Sri Lanka can trigger food shortages as in medicines with new trade controls: Bellwether

Forcing food importers to use LCs can create food shortages.

What Sri Lanka's IMF program should look like

Steep rate hikes are needed to save the rupee

Sri Lanka has to work fast to contain multiple defaults as Tanzi bites: Bellwether

A flexible exchange rate fails because it is not rule bound

Bellwether
April 1, 2022 9 min read

Sri Lanka has to hike rates, ensure monetary fiscal co-ordination to help rupee: Bellwether

Monetary fiscal co-ordination comes from an International Monetary Fund

March 10, 2022 4 min read
1

Sri Lanka use of reserves for imports is a deadly false choice: Bellwether

Sterilized currency defence, without an accompanying rise in rates, spells disaster

January 31, 2022 17 min read
1

Sri Lanka has to hike rates, tourism recovery will not help end forex crisis: Bellwether

At the current policy rates and sterilization of interventions, forex problems will not get better

Bellwether
January 18, 2022 16 min read

Sri Lanka should prepare to float, and promote parallel dollarization: Bellwether

The proposal to import cars with dollar earnings and pay taxes in dollars is absolutely correct

December 21, 2021 16 min read

Why the Sri Lanka rupee is depreciating creating currency crises: Bellwether

A Bellwether FAQ on the dangerous lack of note-issue banking know-how

Bellwether
November 9, 2021 27 min read

How Sri Lanka's IMF-backed 'Young Plan' fired a foreign debt death spiral: Bellwether

In all years with inflationary policy, debt after foreign reserves went up

Bellwether
September 16, 2021 18 min read

Sri Lanka's monetary meltdown will accelerate unless quick action is taken: Bellwether

Debt re-structuring to reduce gross financing needs will help

Bellwether
August 18, 2021 19 min read

Sri Lanka Minister follows Diocletian after printing money, but stops short of death penalty

Diocletian minted in copper in plenty what was scarce in silver, Sri Lanka is pumping liquidity in paper

Bellwether
August 13, 2021 5 min read

Sri Lanka economy bought to tipping point by monetary fallacies: Bellwether

Mercantilist fallacies have devasted countries at peace

Bellwether
August 11, 2021 21 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 369.9103 369.9103
UK Pound 419.5837 413.4458
Euro 365.2629 364.8862
Aus Dollar 242.4453 240.1335
Yen 2.5656 2.5668
Source: Central Bank/Indicative
Latest Last
Indian Rupee 4.4489 4.4516
Korea Won 0.2529 0.2518
Oman Rial 942.5852 942.5852
Saudi Riyal 96.5416 96.5545
UAE Dirham 98.7994 98.7994
Source: Central Bank/Indicative
pts %
S&P SL20 2,875.21 -5.70%
CSE All Share 9,237.05 -4.28%
Turnover Rs million 4,541,034,136 3,017,534,901
Source: CSE
Latest Last
3-m bill 29.75 29.35
6-m bill 28.66 28.29
12-m bill 28.54 28.44
5-yr bond 25.22 25.26
8-yr bond 25.82 25.87
Source: Central Bank/Indicative
today yesterday
Overnight Money 15.50 15.50
Gilt Repo 15.50 15.50
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka to pick losers as omniscient elites drive interventionism to extremes: Bellwether

'A new type of superstition has got hold of people's minds, the worship of the state'

Bellwether
July 30, 2021 7 min read

Sri Lanka's central bank should guard against bankruptcy as Fed lights commodity fires

Sri Lanka's central bank is running out of reserves, a part of the remaining reserves are tied up in swaps, the country ...

Bellwether
April 19, 2021 25 min read

Sri Lanka debt crisis trapped in spurious Keynesian 'transfer problem' and MMT: Bellwether

In Sri Lanka politicians are blamed for the country's economic ills and rising default risk, but it is only partly their...

Bellwether
March 15, 2021 23 min read

How to fix Sri Lanka's debt crisis, unstable peg, avoid sudden stop event: Bellwether

Sri Lanka is facing a monumental state failure after denying economic and civil freedoms for decades

Bellwether
February 24, 2021 25 min read
3

Solving Sri Lanka's debt and monetary crisis sans the IMF, like Japan, Malaysia: Bellwether

The question is often asked whether Sri Lanka do without an International Monetary Fund program. It is certainly possi...

Bellwether
February 22, 2021 11 min read
1

Sri Lanka facing 2021 with reckless MMT, stimulus mania: Bellwether

Sri Lanka is heading for one of the biggest economic challenges in its history in 2021, with the central bank printing m...

Bellwether
January 26, 2021 15 min read

Why Sri Lanka cannot be a Singapore, a Chief Festus budget: Bellwether

Sri Lanka aspired to be a Singapore after liberalizing trade and ending a closed economy of the 1970s, but it all failed...

Bellwether
December 21, 2020 18 min read
5

Why Sri Lanka cannot be a Vietnam, Coronavirus response: Bellwether

Sri Lanka was at one time talking about trying to be a Singapore, and then a Malaysia, and now it is talking about tryin...

December 1, 2020 10 min read
5

Sri Lanka constitution making: how democracy does not equal freedom: Bellwether

In Sri Lanka when the elected ruling class tries to amend the constitution and amass greater power at the expense of ind...

Bellwether
October 19, 2020 13 min read

How Sri Lanka, Latin America was busted by Fed money doctors creating strongmen, anti-Americanism: B...

Sri Lanka's monetary instability, the rising cost of living, falling living standards and the resultant strikes, revolut

Bellwether
September 8, 2020 19 min read
1
1 2 3 5