#MonetaryPolicy Update of #Hungary #Nigeria #SriLanka in March 2015

#MonetaryPolicy Update of #Hungary #Nigeria #SriLanka in March 2015

‪#‎Hungary‬ ‪#‎Europe‬ ‪#‎CentralBankOfHungary‬ ‪#‎MonetaryPolicy ‬‪#‎MonetaryPolicyRate‬ ‪#‎MPR‬

‪#‎Nigeria‬ #‎Africa‬ ‪#‎CentralBankOfNigeria‬ ‪#‎CashReserveRatio‬ ‪#‎LiquidityRatio‬   ‪#‎Colombo‬ ‪#‎CentralBank‬ ‪#‎MonetaryPolicy‬ ‪#‎Population ‬‪#‎ColomboStockExchange‬ ‪ #‎ListedCompanies‬   ‪#‎MarketCapitalisation‬ ‪#‎ASPI‬ ‪#‎SPSL20‬ ‪#‎ImportantIndex‬   ‪#‎SriLankanRupee‬ #JhunjhunwalasFinance

For more Informative posts click:

                                          http://www.linkedin.com/company/jhunjhunwalas

Monetary Policy Review for Bank of Botswana, Central Bank of Srilanka and Bank of Korea as on August 2014

Bank of Botswana maintains Bank Rate as on 15th August 2014

The Central Bank of Sri Lanka maintains Deposit Rate as on 14th August 2014

Bank of Korea cuts Base Rate as on 13th August 2014

Monetary Policy Review for #BankOfKorea #CentralBankOfSrilanka and #BankOfBotswana for August 2014

#BankOfKorea cuts its #BaseRate to 2.25% per annum by 25 Basis Points as on 13th August 2014
Data compiled and released by Bank of Korea

The #CentralBankOfSrilanka maintains its Benchmark #StandingDepositFacilityRate at 6.50% per annum and also #StandingLendingFacilityRate at 8.0% per annum as on 14th August 2014
Data compiled and released by Central Bank of Sri Lanka.

The #BankOfBotswana maintains #BankRate at 7.5% per annum as on 15th August 2014.
Data compiled and released by Bank of Botswana
#Botswana #SDFR #SLFR #Srilanka #SouthKorea #BOK #CentralBankOfKorea #MonetaryPolicy

For more Informative post click :
https://www.linkedin.com/company/jhunjhunwalas

Sri Lanka Central Bank maintains Policy rates last week

21st March 2014

Sri Lanka's central bank maintained its monetary policy stance, as expected, and said inflation is expected to remain in mid-single digits throughout 2014 while economic growth has shifted into "a higher and sustainable growth trajectory."
    The Central Bank of Sri Lanka, which rejigged its monetary policy framework in January, said that although the outlook for inflation remains encouraging from a demand perspective, it would closely monitor possibly supply disruptions from drought in certain parts of the country.
    Sri Lanka's headline inflation rate eased to 4.2 percent in February from 4.4 percent in January while core inflation fell to 3.1 percent from 3.5 percent due to subdued demand and improved domestic supply of most food items, the bank said.
    The central bank targets inflation of 4-6 percent this year and 3-5 percent in 2015 and 2016.
    The bank today kept its Standing Deposit Facility Rate (SDFR), which replaced the previous repo rate, at 6.50 percent and the Standing Lending Facility Rate (SLFR) at 8.0 percent, maintaining the spread in its Standing Rate Corridor (SCR). In 2013 it cut the repo rate by 100 basis points.
    Sri Lanka's Gross Domestic Product expanded by 7.3 percent in 2013, up from 6.3 percent in 2012, as fourth quarter GDP rose by an annual 8.2 percent on the back of a surge in agriculture and industry while services showed some moderation.

    During 2013 the industry sector grew by 9.9 percent, agriculture 4.7 percent and services by 6.4 percent, the bank said.
    In January earnings from exports grew by 23.2 percent year-on-year, sustaining the growth momentum that started in June 2013. Expenditure on imports rose by 7.9 in the same month with the trade deficit narrowing by 5.9 percent to US$ 756 million.
   Gross official reserves rose to $8.0 billion by the end of January, the equivalent of 5.3 months of imports, supported by the proceeds from January's sovereign bond issue and inflows to the government securities market.
    Credit to Sri Lanka's private sector by commercial banks slowed in January, growing by 5.2 percent in January from 7.5 percent in December, but the bank said this was largely due to the settlement of short term advances by corporates and a decline in pawning and trade related credit.
    "However, the Monetary Board is of the view that the deceleration of the growth in credit to the private sector is temporary, and going forward, private sector credit is likely to rebound from the second quarter of the year, supported by declining market lending rates, sufficient liquidity levels and increased demand for exports from the advanced economies," the bank said.
    Earlier this month, Sri Lanka's treasury secretary told Reuters that interest rates would remain steady for the next two to three months as the banking sector is facing poor private sector credit growth.

Sri Lanka maintains rates, sees inflation mid-single digits - Central Bank News

Sri Lanka Central Bank holds rate steady, inflation seen in single digits

 Sri Lanka's central bank maintained its benchmark repurchase rate at 7.0 percent, saying inflation is expected to remain at single digit levels for the remainder of the year, apart from minimal seasonal variations, due to improved inflation expectations, supply side improvements and an absence of demand driven pressures.
  
  The Central Bank of Sri Lanka, which cut rates in May and December, also said the recent 200 basis point cut in the Statutory Reserve Ratio (SRR) had contributed to the monetary policy relaxation process and provided financial markets with further stimulus to support economic growth, leading to a downward momentum in Treasury yields and lower short term and deposit rates at commercial banks.
    Sri Lanka's trade deficit has also narrowed but the central bank added that "weaker than expected economic performance in advanced economies may yet prove to be a dampener in revitalising external demand and would need to be watched carefully in the months ahead."
    Like other emerging markets, Sri Lanka's rupee weakened in May, though less than many other currencies. It was quoted at 131.7 to the U.S. dollar today, down 3 percent this year. The central bank made no reference to foreign exchange in its statement.

    Credit to the Sri Lanka's private sector has also been expanding following the central bank's easing, with credit up by 18.3 billion rupees in May from 7.6 billion in the previous month while credit to the government decelerated, as expected, helping release funds from the banking sector to provide additional stimulus to the private sector.
    The central bank's decision was widely expected following an interview by the bank's governor last week in which he said that monetary policy was likely on hold until September or October when the bank would "be a little more inclined to relax further" if inflation continues to fall.
    Last month the central bank also said it expected inflation to remain in single digits due to supply side improvements and the absence of demand driven pressures. This month it added the reference to inflation expectations.
    In June Sri Lanka's headline inflation rate eased to 6.8 percent from 7.3 percent and core inflation fell to 4.3 percent, the lowest since its inception.
    The central bank is aiming for inflation to ease to 5.0-5.5 percent by the end of the year and average 7 percent for the year.
    Sri Lanka's Gross Domestic Product grew by an annual 6.0 percent in the first quarter, down from 6.3 percent in the previous quarter and the central bank is targeting growth of 7.5 percent this year, up from 6.4 percent in 2012

Sri Lanka holds rate steady, inflation seen in single digits - Central Bank News

for more details log on to Central Bank of Sri Lanka website : http://www.cbsl.gov.lk/