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Tuesday, April 02, 2013 - 6.41 GMT
Market interest rates will be reduced this year - CB


Market interest rates would ease this year as the Central Bank maintains a loose monetary policy, said Central Bank Governor Ajith Niward Kabral yesterday (01).

Yields on Treasury bills reversed their falling trend in March, shooting up between 13-16 basis points (bps) after having declined 99-198 basis points since the rate cut in December, he pointed out.

The Governor says the spike in T-bill yields is temporary and the market interest rates will decline in future. However, he did not give a specific time frame for when he thought market rates will start to decline.

He further said that when they give a certain direction people expect these things happened overnight but it would depend on the situation.




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Last modified: April 02, 2013.

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