Sri Lanka Rupee Opens Steady, Bond Yields Down After Rate Cut

Sri Lanka rupee opens steady, bond yields down after rate cut

ECONOMYNEXT – Sri Lanka’s rupee opened at 299.50/70 to the US dollar in the spot market Thursday, broadly steady against Wednesday’s close of 299.60/65 dealers said, while bond yields came down after the central bank’s monetary policy announcement. A bond maturing on 15.10.2028 was quoted at 9.75/85 percent, from 9.75/86 percent. A bond maturing on 15.06.2029 was quoted at 10.07/12 percent, from 10.14/20 percent. A bond maturing on 15.12.2029 wa…

The Central Bank of Sri Lanka further reduces the Overnight Policy Rate (OPR) | Central Bank of Sri Lanka

The Monetary Policy Board decided to reduce the OPR by 25 bps to 7.75% at its meeting held yesterday, thereby easing monetary policy further. The Board arrived at this decision after carefully considering the developments both domestically and globally. The Board is of the view that this measured easing of monetary policy stance will support steering inflation towards the target of 5%, amidst global uncertainties and current subdued inflationary…