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Sri Lanka s Rs213bn money printing to repay foreign debt: Treasury Secretary explains
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Sri Lanka inflation rises to 5 7-pct July 2021, overtakes policy rate
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Sunday July 25, 2021 5:04 am
Sunday July 25, 2021 5:04 am
ECONOMYNEXT – Sri Lanka’s nation-wide inflation in the past 12-months measured by the National Consumer Price Index rose 6.1 percent, with prices jumping 1.5 percent during the month, data from the state statistics office said.
The National Consumer Price Index rose to 145.7 points in June from 143.6 points in May 2021 on top of a 1 percent rise in 2021.
Food prices, among commodities that rise fastest in response to monetary policy were up 9.8 percent from a year earlier.
The NCPI was also 6.1 percent in May. The NCPI exceeded Sri Lanka’s ceiling policy rate of 5.5 percent at which money is supposed to be printed in April 2021.
Following
USD/JPY Weekly Forecast: Fed decision, covid in the Olympics and yields to shake the pairANALYSIS |
7/23/2021 3:09:08 PM GMT
USD/JPY has been trading in tandem with US yields, falling as fear grips markets.
The Fed decision, US GDP and the rapid spread of the Delta variant are all eyed.
Late July s daily chart is painting a mixed picture.
The FX Poll is pointing to short-term strength but falls below 110 afterward.
A barometer of fear – USD/JPY has proved to gauge covid concerns, rising and falling with worries and US yields. Traders will eye Tokyo s covid-clouded Olympics, the Federal Reserve s decision, the first look at America s second-quarter growth – and the Delta variant as well.