Central Bank Watch
Central Bank of Sri Lanka Keeps Monetary Policy Stance Unchanged
November 29, 2016
The Standing Deposit Facility Rate was kept at 7.0%, and the Standing Lending Facility Rate remains at 8.5%. Each had been raised twice earlier this year in February and July. Those moves and a 150-basis point hike of reserve requirements last December represent a trend reversal after four 50-basis point cuts between October 2012 and […] More
New Overnight Developments Abroad - Daily Update
Many Data Releases and a Drop in Oil
November 29, 2016
With Wednesday’s OPEC meeting in Vienna looming, WTI oil slumped 3.6% to $45.38 per barrel. No deal to control production has emerged so far. Gold and industrial metal prices are lower, too. The dollar weakened overnight by 0.7% against sterling and the kiwi and also dipped 0.2% against the yuan and 0.1% versus the euro. […] More
