Central Bank of Sri Lanka’s Monetary Policy History
By Manish Modi -
2011-10-10T12:31:34Z
The following table is a historical summary of Central Bank of Sri Lanka’s monetary policy decisions.
The central bank targets the repurchase rate at which it drains money from the banking systems.
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Date Repo Rate Repo Rate BN Survey Survey vs. Direction
Change Target Median Actual
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10/10/2011 0.00% 7.00% 7.00% Expected Maintain
9/16/2011 0.00% 7.00% n/a n/a Maintain
08/19/2011 0.00% 7.00% 7.00% Expected Maintain
07/8/2011 0.00% 7.00% 7.00% Expected Maintain
06/14/2011 0.00% 7.00% 7.00% Expected Maintain
05/16/2011 0.00% 7.00% 7.00% Expected Maintain
04/12/2011 0.00% 7.00% 7.00% Expected Maintain
03/8/2011 0.00% 7.00% 7.00% Expected Maintain
02/8/2011 0.00% 7.00% 7.00% Expected Maintain
01/11/2011 -0.25% 7.00% 7.25% Unexpected Easing
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Date Repo Rate Repo Rate BN Survey Survey vs. Direction
Change Target Median Actual
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12/14/2010 0.00% 7.25% 7.25% Expected Maintain
11/16/2010 0.00% 7.25% 7.25% Expected Maintain
10/19/2010 0.00% 7.25% 7.25% Expected Maintain
09/21/2010 0.00% 7.25% 7.25% Expected Maintain
08/20/2010 0.00% 7.25% 7.25% Expected Maintain
07/9/2010 -0.25% 7.25% 7.50% Unexpected Easing
06/16/2010 0.00% 7.50% 7.50% Expected Maintain
05/20/2010 0.00% 7.50% 7.50% Expected Maintain
04/22/2010 0.00% 7.50% 7.50% Expected Maintain
03/18/2010 0.00% 7.50% 7.50% Expected Maintain
02/16/2010 0.00% 7.50% 7.50% Expected Maintain
01/19/2010 0.00% 7.50% 7.50% Expected Maintain
12/14/2009 0.00% 7.50% 7.50% Expected Maintain
11/18/2009 -0.50% 7.50% 8.00% Unexpected Easing
10/13/2009 0.00% 8.00% 7.75% Unexpected Maintain
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Date Repo Rate Repo Rate BN Survey Survey vs. Direction
Change Target Median Actual
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09/11/2009 -0.50% 8.00% 8.25% Unexpected Easing
08/17/2009 0.00% 8.50% 8.50% Expected Maintain
07/12/2009 0.00% 8.50% 8.25% Unexpected Maintain
06/15/2009 -0.50% 8.50% 8.88% Unexpected Easing
05/21/2009 0.00% 9.00% n/a n/a Maintain
04/22/2009 -1.25% 9.00% 10.00% Unexpected Easing
03/18/2009 0.00% 10.25% n/a n/a Maintain
02/11/2009 -0.25% 10.25% 10.50% Unexpected Easing
01/12/2009 0.00% 10.50% 10.50% Expected Maintain
12/19/2008 0.00% 10.50% 10.50% Expected Maintain
11/14/2008 0.00% 10.50% 10.50% Expected Maintain
10/20/2008 0.00% 10.50% 10.50% Expected Maintain
09/15/2008 0.00% 10.50% 10.50% Expected Maintain
08/20/2008 0.00% 10.50% 10.50% Expected Maintain
07/16/2008 0.00% 10.50% 10.50% Expected Maintain
06/20/2008 0.00% 10.50% 10.50% Expected Maintain
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Date Repo Rate Repo Rate BN Survey Survey vs. Direction
Change Target Median Actual
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05/26/2008 0.00% 10.50% 10.50% Expected Maintain
04/23/2008 0.00% 10.50% 10.50% Expected Maintain
03/19/2008 0.00% 10.50% 10.50% Expected Maintain
02/21/2008 0.00% 10.50% 10.50% Expected Maintain
01/17/2008 0.00% 10.50% 10.50% Expected Maintain
12/26/2007 0.00% 10.50% 10.50% Expected Maintain
11/20/2007 0.00% 10.50% 10.50% Expected Maintain
10/26/2007 0.00% 10.50% 10.50% Expected Maintain
09/28/2007 0.00% 10.50% 10.50% Expected Maintain
08/14/2007 0.00% 10.50% 10.50% Expected Maintain
07/23/2007 0.00% 10.50% 10.50% Expected Maintain
06/25/2007 0.00% 10.50% 10.50% Expected Maintain
05/22/2007 0.00% 10.50% 10.50% Expected Maintain
04/10/2007 0.00% 10.50% 10.50% Expected Maintain
03/16/2007 0.00% 10.50% 10.50% Expected Maintain
02/23/2007 0.50% 10.50% 10.25% Unexpected Tightening
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Date Repo Rate Repo Rate BN Survey Survey vs. Direction
Change Target Median Actual
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01/18/2007 0.00% 10.00% 10.25% Unexpected Maintain
12/15/2006 0.38% 10.00% 10.13% Unexpected Tightening
11/14/2006 0.00% 9.63% 9.88% Unexpected Maintain
09/28/2006 0.50% 9.63% n/a n/a Tightening
09/15/2006 0.00% 9.13% 9.25% Unexpected Maintain
08/16/2006 0.00% 9.13% 9.25% Unexpected Maintain
07/22/2006 0.13% 9.13% 9.00% Unexpected Tightening
06/16/2006 0.25% 9.00% 8.75% Unexpected Tightening
05/15/2006 0.00% 8.75% 8.75% Expected Maintain
04/12/2006 0.00% 8.75% n/a n/a Maintain
03/15/2006 0.00% 8.75% n/a n/a Maintain
02/16/2006 0.00% 8.75% n/a n/a Maintain
01/17/2006 0.00% 8.75% n/a n/a Maintain
12/22/2005 0.25% 8.75% n/a n/a Tightening
11/16/2005 0.00% 8.50% n/a n/a Maintain
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Date Repo Rate Repo Rate BN Survey Survey vs. Direction
Change Target Median Actual
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10/11/2005 0.00% 8.50% n/a n/a Maintain
09/13/2005 0.25% 8.50% n/a n/a Tightening
08/17/2005 0.00% 8.25% n/a n/a Maintain
07/13/2005 0.00% 8.25% n/a n/a Maintain
06/15/2005 0.50% 8.25% n/a n/a Tightening
05/13/2005 0.25% 7.75% n/a n/a Tightening
04/12/2005 0.00% 7.50% n/a n/a Maintain
03/16/2005 0.00% 7.50% n/a n/a Maintain
02/15/2005 0.00% 7.50% n/a n/a Maintain
01/11/2005 0.00% 7.50% n/a n/a Maintain
12/15/2004 0.00% 7.50% n/a n/a Maintain
11/10/2004 0.50% 7.50% n/a n/a Tightening
10/13/2004 0.00% 7.00% n/a n/a Maintain
09/15/2004 0.00% 7.00% n/a n/a Maintain
08/13/2004 0.00% 7.00% n/a n/a Maintain
07/14/2004 0.00% 7.00% n/a n/a Maintain
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Date Repo Rate Repo Rate BN Survey Survey vs. Direction
Change Target Median Actual
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06/16/2004 0.00% 7.00% n/a n/a Maintain
05/14/2004 0.00% 7.00% n/a n/a Maintain
04/16/2004 0.00% 7.00% n/a n/a Maintain
03/12/2004 0.00% 7.00% n/a n/a Maintain
02/11/2004 0.00% 7.00% n/a n/a Maintain
01/14/2004 0.00% 7.00% n/a n/a Maintain
12/18/2003 0.00% 7.00% n/a n/a Maintain
11/11/2003 0.00% 7.00% n/a n/a Maintain
10/16/2003 0.50% 7.00% n/a n/a Tightening
09/9/2003 -1.00% 6.50% n/a n/a Easing
08/15/2003 -0.75% 7.50% n/a n/a Easing
07/9/2003 0.00% 8.25% n/a n/a Maintain
06/13/2003 0.00% 8.25% n/a n/a Maintain
05/9/2003 n/a 8.25% n/a n/a n/a
The Central Bank commenced active Open Market Operations in March 2003,
and began regular public announcements on monetary policy.
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Date Repo Rate Repo Rate BN Survey Survey vs. Direction
Change Target Median Actual
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Note: The Central Bank’s Repo and Reverse Repo rates form an interest rate
corridor for call money market rates. The Repo rate forms the lower
limit while the Reverse Repo rate the upper limit. This reduces large
fluctuations in short-term market rates.
Source: Central Bank of Sri Lanka
To contact the reporter on this story: Manish Modi in New Delhi at mmodi6@bloomberg.net
To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net
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