Sri Lanka central bank keeps key rates steady as expected

By Ranga Sirilal COLOMBO, Aug 3 : Sri Lanka’s central bank left its key policy rates unchanged as expected on Friday, saying the decision backed its goals for stabilising inflation and fostering sustainable economic growth. The move comes as some investors are worried about a slowing economy and increases in fiscal spending ahead of presidential […]

Thai cbank stands pat, raises growth forecasts a little

By Orathai Sriring and Kitiphong Thaichareon BANGKOK, June 20 : Thailand’s central bank on Wednesday held its benchmark interest rate, as widely expected, and raised its forecasts for growth and exports this year, saying Southeast Asia’s second-largest economy continues to gain traction. Thailand has kept policy settings unchanged for more than three years. A current […]

Hong Kong raises base rate after Fed hike, HK$ hits new 33-year low

By Donny Kwok HONG KONG, Mar 22 : The Hong Kong Monetary Authority (HKMA) raised its base rate charged through its overnight discount window by 25 basis points (bps) on Thursday to 2.00 percent, in lockstep with the U.S Federal Reserve. The move came as the Hong Kong dollar fell to a fresh 33-year low, […]

Australia’s c.bank upbeat on economy, keeps policy unchanged

By Swati Pandey SYDNEY, Feb 6 : Australia’s central bank struck an upbeat tune about the country’s economy on Tuesday, steering a steady rate path at its first meeting of 2018 even as global markets went into a tailspin. The Reserve Bank of Australia’s (RBA) optimism was underpinned by solid economic data in recent weeks, […]

Sri Lanka’s central bank keeps rates steady to spur growth

By Shihar Aneez and Ranga Sirilal COLOMBO, Sept 26 : Sri Lanka’s central bank held its key rates steady on Tuesday, saying past steps were keeping inflation and credit growth under control, as policymakers focus on supporting an economy hit by extreme weather. As widely expected, the central bank kept the standing deposit facility rate […]

Sri Lanka cbank keeps rates steady, says inflation and credit growth cooling

By Shihar Aneez and Ranga Sirilal COLOMBO, Aug 3 : Sri Lanka’s central bank held its policy rates steady on Thursday and said past tightenings are helping cool inflation and credit growth, signalling receding concerns about price pressure as it focuses on supporting an economy hit by extreme weather. As widely expected, the central bank […]