Home | Business News | Browse by Publication | A | AsiaPulse News

SRI LANKA CENTRAL BANK HOLDS RATES AMID LOW INFLATION.

Publication: AsiaPulse News
Publication Date: 15-OCT-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
COLOMBO, Oct 15 Asia Pulse - Sri Lanka's Central Bank is holding its main policy rate steady at 10.50 percent amid low inflation, expecting the effect of previous cuts to spread wider into the banking system.

Policy rates have been cut from a peak of 19.0 percent at the beginning of the year. Yields of Treasury bills have fallen around 800 to 865 basis points.

"So far during the year, market interest rates have gradually declined in response to the monetary policy relaxation measures of the Central Bank, but are yet to adjust fully...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.