What was yesterdays interest rate movement?? enlighten me please...Love Boy wrote:This is one month ago case. Do not you see the yesterday interest rate movement? Now,government T-bills are under subscribe. People need not to lend money for very low rates. So,this is time to PLC..... Rs.18/= will touch soon.dayandacool wrote:Love Boy wrote:Interest rates try to pick soon,Then PLC will fly 20-25 with this market condition. Invest now. There are very few stocks available for us to take more than 40% return now. Easy 40% for hard future.
Not sure about the rest of your statement but Interest rates will not be increasing anytime soon as per CBSL. Please read below....
Bro, interest rate cuts don't happen over night. There is a monetary policy review by CBSL and next one is due in October. till then present rates will continue and as mentioned in the August policy review, another rate cut is due in next monetary policy review!!!