Monetary Policy Review Tomorrow

KDDND · 26 Re: Monetary Policy Review Tomorrow Thu May 09, 2013 11:50 pm

KDDND

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If market went up SHARPLY.... Very Happy

Wash your hands and stay away from CSE... for while pirat

but keep watching...... sunny

dilshan unawatuna · 27 Re: Monetary Policy Review Tomorrow Fri May 10, 2013 12:18 am

dilshan unawatuna

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TheProfessional2013 wrote:

i also heard tht news...

salt · 28 Re: Monetary Policy Review Tomorrow Fri May 10, 2013 12:21 am

salt

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25bps

Not more than that.

traderathome · 29 Re: Monetary Policy Review Tomorrow Fri May 10, 2013 12:24 am

traderathome

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sriranga wrote:THURSDAY, 09 MAY 2013 14:07
Sri Lanka's Central Bank is expected to keep key monetary policy rates steady for the fifth straight month on Friday, a Reuters poll showed, and analysts predict at least a quarter percentage point cut in June as both the central bank and the country's treasury secretary have signaled (REUTERS)
http://www.dailymirror.lk/business/economy/29222-cb-seen-keeping-rates-steady-on-tomorrow.html

No change.....it means Shocked

damn with cabba What a Face

traderathome · 30 Re: Monetary Policy Review Tomorrow Fri May 10, 2013 12:27 am

traderathome

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Damn also with PBJ :Deleted:

sandunj · 31 Re: Monetary Policy Review Tomorrow Fri May 10, 2013 12:36 am

sandunj

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Cant expect a huge rate cut , Guys...

K&M · 32 Re: Monetary Policy Review Tomorrow Fri May 10, 2013 7:57 am

K&M

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Accordingly, the Monetary Board decided at its meeting held on 9th May 2013 to reduce the Repurchase rate and the Reverse Repurchase rate of the Central Bank by 50 basis points, respectively, thereby placing the Repurchase Rate at 7.00 per cent and the Reverse Repurchase Rate at 9.00 per cent.
In addition, the reserve maintenance period of commercial banks will also be increased to two weeks from one week with effect from 1st June 2013 in order to offer greater flexibility to commercial banks in managing their liquidity, while maintaining the Statutory Reserve Ratio at the current level of 8 per cent.

http://www.cbsl.gov.lk/pics_n_docs/latest_news/press_20130510e.pdf

Banks here we come!!!!

udeni · 33 Re: Monetary Policy Review Tomorrow Fri May 10, 2013 10:19 am

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Harry82 wrote: Re: Monetary Policy Review Tomorrow
by udeni Today at 10:49 am

Although Fixed Deposit maximum interest rates are controlled by CBSL, there are loop holes. FD interest rate for 13 months is much more than for 12 months. Commercial papers are also available. For example CRL.N000 is offering 16.5% for 6 months. I don't think a small interest rate cut will have a big impact on the market.

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no no
CRL.N000 is offering 14.35% for 6 months

Harry82, I have specificalyy said that for Commercial Paper of CRL.N000 is offering 16.5% for 6 months. CBSL has given the ceiling for "Fixed Deposits". Fixed deposit ceiling is the same for all the finance companies approved by CBSL.