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Policy rate hike intended to curb excess borrowing- CBSL Governor
The Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe says that increasing policy interest rates leads to a rise in market interest rates.
Summary
Nandalal Weerasinghe says that increasing policy interest rates leads to a rise in market interest rates. Speaking at a media briefing today (26), the CBSL Governor stated that the main objective of raising policy rates is to influence market lending rates upward. He explained that the move is intended to reduce excessive borrowing in the economy.
What this story is about
People
- Nandalal Weerasinghe2
- Weerasinghe2
Organisations
- Central Bank of Sri Lanka2
- Monetary Policy Review
- Monetary Policy Board
- Treasury
Places
- Middle East
Keywords
- interest2
- cbsl2
- hike2
- rate2
- borrowing
- inflation
- governor
- intended
- economy
- easing
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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