Search results
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The Central Bank Responds to Misleading News Reports on Future Interest Rate Movements
... the Central Bank is expecting a rise in domestic interest rates in the period ahead. The reasons cited in the said reports for such ... is expected to be short lived. In fact, the foreign exchange market has already stabilised while speculation in the government ...
content_manager - 08.03.2018 - 15:27
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Research Conference Proceedings
... Guidance Rules and the Zero Lower Bound on Nominal Interest Rates in a Cost Channel Economy Lasitha R C Pathberiya Abstract ... Roy3 Abstract Full Text Foreign exchange reserves-towards a sustainable allocation CHARITH GAMAGE ...
admin - 09.12.2019 - 13:27
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Central Bank Initiates Regulatory Actions Against Errant Money Changers
... the Directions issued under the provisions of the Foreign Exchange Act No. 12 of 2017 (FEA), the Central Bank is conducting a series of ... Changers have no authority to transact foreign exchange at rates higher than those offered by the banks to such Money Changers. ...
conedit1 - 09.12.2021 - 18:38
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Monetary Policy Review - September 2016
... the government helped to stabilise the domestic foreign exchange market. Reflecting these developments, gross official reserves were ... to 28.2 per cent in the previous month. Market interest rates, which increased in response to monetary tightening measures of the ...
content_manager - 29.01.2018 - 09:42
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External Sector Performance - April 2022
... in the government securities market and Colombo Stock Exchange (CSE) recorded marginal net inflows during April 2022. Considering ... narrow the gap between the official and grey market exchange rates. Further, the Central Bank commenced providing daily guidance on the ...
tmadmin - 16.06.2022 - 09:40
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Monetary Policy Review - No. 1 of 2018
... is appropriate and decided to maintain the policy interest rates of the Central Bank of Sri Lanka at their present levels. The ... commodities in the international market and the flexible exchange rate policy maintained by the Central Bank. However, drought related ...
content_manager - 09.10.2018 - 09:45
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Central Bank continues regulatory actions against errant Money Changers
... that the following Money Changers have transacted at rates beyond the rates offered to them by Licensed Banks, thereby violating the Directions issued to them under the provisions of Foreign Exchange Act No. 12 of 2017. i.Swiss Money Exchange (Pvt) Ltd, Colombo ...
conedit4 - 04.04.2022 - 09:51
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Extension of the validity period to open Special Deposit Accounts and permission to retain funds held in such accounts in Sri Lanka
... potential of SDAs to attract a substantial amount of foreign exchange into the country and the resultant positive impact on the foreign ... as normal deposits will be eligible only for the interest rates offered by the Authorized Dealers for normal term deposits of the ...
conedit1 - 01.12.2020 - 16:39
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IMF Approves USD 1.5 Billion Extended Fund Facility for Sri Lanka
... facility is significantly lower than the prevailing market rates. The IMF is expected to conduct regular reviews of the country’s ... help dampen the pressure on the BOP and the domestic foreign exchange market. In particular, greater flexibility was allowed in the ...
content_manager - 27.09.2018 - 11:50
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Margin Deposit Requirement against Letters of Credit (LCs) opened with Commercial Banks for the Importation of Vehicles
... imports, partly driven by unwarranted speculation on future exchange rate movements, interest rates movements and budgetary measures The imposition of the margin ...
conedit4 - 20.09.2018 - 08:57