Navin Perera

Economist and Central Banker by Profession...
Lifelong learner...
Always curious...

Opinions expressed are my OWN!

[Shavith Perera @MyMusicalTourSL]

Check out my first music video
"Earth is a Heaven"

https://t.co/lGL4la3ize

#NewMusicAlert #earth #nature #change #ClimateCrisis

[Navin Perera @Navin_Perera]

#CoreInflation
#MonetaryPolicy

Curious why @CBSL has not reacted to #deflation? Have a read of this article: https://t.co/vvQ9sjekbP

#inflation #coreinflation #CBSL #SriLanka #CCPI #DCS #monetarypolicy #SLEcon #SriLankaEconomy

[Navin Perera @Navin_Perera]

#UPDATE
#INTEREST_RATES

Latest data on interest rates published by @CBSL

For more updates, follow: https://t.co/ZaqIpyliTV

#interestrates #cbsl #deposits #lending #loans #newrates #SriLanka #SLEcon #update #OctUpdate #economy #awareness #SriLankaEconomy #monetarypolicy

[Navin Perera @Navin_Perera]

#UPDATE
#INTEREST_RATES

Easy monetary policy by @CBSL at work!

For more updates, follow: https://t.co/UC26HJjhgU

#interestrates #cbsl #deposits #lending #loans #newrates #SriLanka #SLEcon #update #JulyUpdate #economy #awareness #SriLankaEconomy #monetarypolicy

[Navin Perera @Navin_Perera]

#AWPR_UPDATE

This week's AWPR rose by 27 bps over the previous week to 9.12%. Also, AWPR has roughly averaged around 9% during the first 3 weeks of July.

Source: @CBSL

#cbsl #awpr #interestrate #monetarypolicy #SriLanka #update #primelending #SLEcon #SLEconomy #SriLankaEconomy

[Navin Perera @Navin_Perera]

@ShavinWijetunge @CBSL Sorry about the late response.

It is hard to provide a specific range for AWPR, but the movement in G-sec yields will be a key determinant of it.

[Navin Perera @Navin_Perera]

#AWPR

Weekly AWPR increased by 26 bps (from previous week's level) to 9.04%, perhaps disturbed by the rising yields on Treasury bills.

#cbsl #interestrates #monetarypolicy #SriLanka #update #economicnews #primelending #SLEcon #SLEconomy #SriLankanEconomy

@CBSL

[Navin Perera @Navin_Perera]

@rowmewan1 @CBSL https://t.co/ZNDw18EiOe

[Navin Perera @Navin_Perera]

#MONETARY_DATA

The May 2024 update of the Monthly Bulletin on Money, Credit and Interest Rate Developments is now available on the official website of the @CBSL.

#cbsl #money #credit #interestrates #SriLanka #SriLankanEconomy #update #privatecredit #AWPR #indicators

[Navin Perera @Navin_Perera]

#EDR

The 2nd round of restricted discussions with members of the ad hoc group of bondholders is complete.

@CBSL

#cbsl #SriLanka #edr #debtrestructuring #bondholders #adhoc #commercialcreditors #update #LKA #SriLankanEconomy #SriLankaNewsToday

[Navin Perera @Navin_Perera]

#InterestRates

The latest interest rate indicators released by @CBSL shows a moderation in both lending and deposit interest rates.

The moderation in lending interest rates will be credit positive!

#cbsl #monetarypolicy #SriLanka #SriLankanEconomy #SLEcon #JuneUpdate #credit

[Navin Perera @Navin_Perera]

#AWPR

AWPR dipped below 9% for the first time in over 2 years.

As published by @CBSL, weekly AWPR declined by 31 bps over the previous week to 8.78%.

For more on this, check out https://t.co/shCfjg24S8

#CBSL #monetarypolicy #SriLanka #SLEcon #SriLankanEconomy #economicnews

[Navin Perera @Navin_Perera]

@Thanushka02 @CBSL CBSL intervenes for 2 reasons - to build FX reserves and to prevent undue volatility in the exchange rate!

[Navin Perera @Navin_Perera]

#NCPI

NCPI-based #headlineinflation dropped to 1.6% (yoy) in May, driven by the drop in food inflation.

#Coreinflation accelerated marginally to 3.1%, although on a m-o-m basis, it recorded a decline, indicating subdued demand conditions.

#dcs #cbsl #SriLanka #SLEcon

[Navin Perera @Navin_Perera]

@Thanushka02 @CBSL Just to clarify, the exchange rate is determined based on transactions in the domestic foreign exchange market. Ofc, if there's a relative increase in imports, currency could depreciate, and imports will become expensive, feeding into domestic inflation.

[Navin Perera @Navin_Perera]

@Thanushka02 @CBSL Technically, if medium term inflation is below the target (on a sustained basis), then a central bank should act by (further) easing monetary policy using its toolkit!

However, I don't understand what you meant by saying "buying USD at a higher rate".

[Navin Perera @Navin_Perera]

@Thanushka02 @CBSL Note: Inflation target is measured based on CCPI (and not NCPI) and it is even lower.

But we take a medium term view on inflation. And policy decisions are data-driven.

[Navin Perera @Navin_Perera]

@Thanushka02 Compared to the target (of 5%), it is! But, @CBSL looks at the medium term and it's about maintaining inflation at or around the target over the medium term (as monetary transmission takes time).

The inflation fan chart shows the medium term inflation projections.

[Navin Perera @Navin_Perera]

@DinushaJGamage @RashminL42160 @rowmewan1 @ChayuDamsinghe @ThilinaKalhara That's correct @DinushaJGamage