Hirunews Logo
CB+says+market+interest+rates+will+decline
Tuesday, 02 April 2013 - 12:51
CB says market interest rates will decline
7

Shares
845

Views

The head of the monetary authority of Central Bank said Sri Lanka’s market interest rates will ease this year as the Central Bank maintains a loose monetary policy stance despite high lending rates and a recent spike in Treasury bill yields.

Though the Central Bank surprisingly cut the reverse repurchase rate by 25 basis points to 10.5% from three-year highs in December, the average prime lending rates have been hovering around 14%.

However, Central Bank Governor Ajith Nivard Cabraal said the spike in T-bill yields was temporary and market interest rates would decline in future.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE