Marinner Eccles News Today

Monday July 12, 2021 8:38 am Monday July 12, 2021 8:38 am ECONOMYNEXT – Sri Lanka has raised ceiling rate for 12-month Treasuries by 02 basis points to 5.25 percent, for this week’s Treasuries auction where 56 billion rupees of bills will be offered. The ceiling policy rate has operated as a de facto policy rate through which large volumes of debt is monetized when the central bank purchases bills with printed money to defend a pattern of Treasuries yields leading to a failure of the auc...

"Two systems are before the world; the one looks to increasing the proportion of persons and of capital engaged in trade and transportation, and therefore to diminishing the proportion engaged in producing commodities with which to trade, with necessarily diminished return to the labor of all; while the other looks to increasing the proportion engaged in the work of production, and diminishing that engaged in trade and transportation, with increased return to all, giving to the laborer good w...