Search Results

You are looking at 1 - 10 of 99 items for :

  • "policy rate corridor" x
Clear All
International Monetary Fund. Asia and Pacific Dept

This statement contains information that has become available since the staff report was circulated to the Executive Board. This information does not alter the thrust of the staff appraisal. 1. The Monetary Board of the Central Bank of Sri Lanka kept policy rates unchanged at its April 12 meeting . The policy rate corridor remains at 7½–9½ percent. Growth of broad money and credit to the private sector continued to moderate to 17 percent and 13¼ percent year-on-year, respectively, in February. 2. The Bank of Ceylon, a state-owned bank, issued a US$500

International Monetary Fund. Western Hemisphere Dept.
The Chilean economy has rapidly recovered from the fallout of the Covid-19 pandemic, thanks to an impressive vaccination campaign and effective policy support. The authorities will continue leveraging on Chile’s very strong fundamentals and policy frameworks to safeguard the recovery, preserve macroeconomic stability, and boost inclusive and green growth.
International Monetary Fund

should enhance the effectiveness of the central bank’s interest rate levers, improve monetary transmission, and promote market development. The change in market structure provides an ideal occasion to review the operational framework of monetary policy, rationalizing the number of instruments and reviewing the width of the policy rate corridor . 1. Most central banks use interest rate levers—the interest rate on transactions between the central bank and its financial market counterparties—to guide short-term interest rates in the wholesale money markets and thus

International Monetary Fund. European Dept.

facilitated the smooth transmission of the marginal policy rate to money markets reducing the cost of interbank lending. However, several factors, in particular related to the design of a tiered reserve system, could keep the money market rate away from the deposit rate as the technical floor of the policy rate corridor. These include: (i) the amount of excess liquidity and the fraction that is exempted from the marginal policy rate, (ii) the spread between the marginal and average policy rate for excess reserves, and (iii) banks’ willingness/ability to lend excess

International Monetary Fund. Asia and Pacific Dept
The paper discusses the economic developments and policies in Sri Lanka in recent years. Substantial adjustments in energy prices and operational and financial reforms have helped to improve the performance of state owned enterprises (SOEs) and have reduced the burden on the budget and the banking system. Despite challenging global and domestic market conditions, overall soundness of the financial sector has improved with higher levels of capital, liquidity, and healthy earnings. The Sri Lankan economy is expected to return to a high growth trajectory, though conditional on recovery in external demand.
International Monetary Fund. Asia and Pacific Dept

. Losses at the state-owned Ceylon Electricity Board (CEB) and Ceylon Petroleum Corporation (CPC) rose to around 2 percent of GDP in 2012 despite significant domestic price increases, as drought induced a shift in electricity generation away from inexpensive hydroelectric to expensive thermal sources. 6. Monetary policy has eased in recent months . With activity and credit growth slowing, the Central Bank of Sri Lanka (CBSL) allowed the credit ceiling to expire and reduced its policy rate corridor in early-December by 25 basis points to 7½–9½ percent. Overnight

Mr. Simon T Gray and Mr. Philippe D Karam
This paper documents the main themes covered in two seminars (December 2011 and September 2012) on monetary policy and implementation at the IMF—Middle East Center for Economics and Finance, and includes country case studies. Against the backdrop of the global financial crisis and swings in cross-border capital flows, operational frameworks have become more flexible, and liquidity management has impacted the relationship between the policy rate corridor and market rates. The balance sheet structure of central banks in the Middle East and North Africa (MENA) shows differences between oil exporters and others, while a few countries have exhibited notable changes since early 2011. Collateral now has a significant financial stability function. Although only one MENA country is part of the G20, implementation of the Basel III bank capital adequacy and liquidity rules will most likely impact banks’ way of doing business in MENA countries, even if indirectly.