Central Bank unchanged the Policy Rate

Gainer · 1 Central Bank unchanged the Policy Rate Tue Mar 29, 2016 6:33 pm

Gainer

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Considering the above, the Monetary Board, at its meeting held on 29 March 2016, was of the view that the current monetary policy stance is appropriate and decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank unchanged at 6.50 per cent and 8.00 per cent, respectively.

kassachandimal · 2 Re: Central Bank unchanged the Policy Rate Tue Mar 29, 2016 6:52 pm

kassachandimal

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Not a good decision for the SL economy Sad

Teller · 3 Re: Central Bank unchanged the Policy Rate Tue Mar 29, 2016 6:57 pm

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Rupee falls to 149 as unchanged decision of CB policy. Today morning session rupee showed some strong characteristics but evening fell due to this decision.

chamil1 · 4 Re: Central Bank unchanged the Policy Rate Tue Mar 29, 2016 7:25 pm

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Don't worry . Market will be positive as there was a US$ 3 billion sovereign bond announced. IMF would have given a good recommendation .

Joe007 · 5 Re: Central Bank unchanged the Policy Rate Wed Mar 30, 2016 2:02 am

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The central bank is leaving the rupees to fall further and settle with new low to attract foreign investment If the rates are unchanged.
In this case the import will be affected very much in other words they are controlling the imports and a good news for exporters.

There were two options to handle the present economic conditions:
1) increasing the rates to stabilise the rupee against the other currencies

Or
2) leaving the rupees to fall further to attract inward payments and control the imports.

So they have chosen the second option.