Sri Lanka CBSL is likely to keep rates on hold in May
The Central Bank of Sri Lanka (CBSL) is expected to keep rates on hold in May to allow the effects of April's surprise 50bps cut to flow through to the economy. The Sri Lankan rupee (LKR) has depreciated marginally despi…
The Central Bank of Sri Lanka (CBSL) is expected to keep rates on hold in May to allow the effects of April's surprise 50bps cut to flow through to the economy.
The Sri Lankan rupee (LKR) has depreciated marginally despite the CBSL's 'moral suasion' efforts, and FII outflows have approached USD 52mn (USD 48mn in debt and USD 4mn in equities) since 15 April 2015.
An easy monetary environment during H1-2015 is expected and forecast another rate cut of 50bps in June to spur growth.
Inflation stayed benign in April at 0.1%, and expect average 2015 inflation to remain below 2%, raising the potential for further rate cuts.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
