Central Bank Of Sri Lanka News
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Sri Lanka cut interest rates more than economists estimated to spur growth, joining nations from Australia to India in easing monetary policy.
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A record New Zealand dollar pushed the central bank into its first confirmed currency intervention in six years. It’s also forcing the nation’s biggest exporters to innovate as the soaring kiwi squeezes returns.
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Sri Lanka left interest rates unchanged for a fourth month to support economic growth and contain inflation.
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Gold rebounded from the biggest drop in 33 years as BlackRock Inc. said sales didn’t reflect fundamentals and an Asian central banker said policy makers may take the opportunity to buy. Silver also advanced.
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U.S. stocks rallied, with the Standard & Poor’s 500 Index rebounding from its biggest drop since November, as housing starts and earnings from Coca-Cola Co. to Johnson & Johnson topped estimates.
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Falling gold prices amid the worst selloff in more than three decades provide an opportunity for monetary authorities to increase their holding of the metal, Central Bank of Sri Lanka Governor Ajith Nivard Cabraal said.
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Gold rose for a second day on speculation that the biggest drop in three decades will prompt some investors and central banks to buy the precious metal. Silver advanced.
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The biggest drop in gold prices since 1983 has divided central banks on whether the metal is cheap enough to increase investment.
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The following table is a historical summary of Central Bank of Sri Lanka’s monetary policy decisions.
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The following table is a historical summary of Central Bank of Sri Lanka’s monetary policy decisions.
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