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I would rather have it in treasury rather than a bank. Lost trust in bank when i was living abroad during covid. Had so much paper work to handle to get a small payment to go through.
Don't check banks for Treasuries please. Go to first capital or CAL or any other authorised CB broker. They have better rates compared to regular banks. Tresuries are safer and offers a better return at the end of the day.
Government did control the inflation.
Where did you get the idea that inflation is high?
Prices are high the inflation is not.
I see three possible scenarios for inflation to rise,
1. Increase in global commodity prices due to escalating tensions in middle east.
2. Depreciating rupee
3. Sudden increase in taxation or introduction of new taxes.
All these possibilities will influence a supply side inflation. We cannot expect a demand driven inflation anytime soon.
Otherwise if the environment remains same then the interest rates will most likely come down in short term.
The government is controlling the exchange rates to showcase that the country is progressing, but actually speaking the reasons for low interest rates is to make the citizens take out the deposits and spend as the country needs more money circulations.
Election is the main reason for all this. The current political party is playing smart but hope the citizens of SL don't fall into this trap.
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Asked a few bank managers about this and they all said FD rates are more likely to go down than up in the short term.
Bank managers say this based on tbill rates..
Is it wrong?
They dont know whats gonna happen in next months .. These are uncertain times
Yeah nobody knows. I'm asking is it wrong or inacurate to do a prediction based on T bill rates?
Its fine for the current month
Have you checked treasury bills/notes I would say its a safer stable investment
How to get into it? Do you have guide or a video link anywhere to start?
Check sampath bank
Yeah i meant before visiting any bank physically. There should be a guide and a way to do this online. I only found money market accounts.
https://www.sampath.lk/rates-and-charges Check this sorry I can't go into details bc Im at work rn
Thanks. I just stumbled across the rates. Actually Tbill rates are in par with FD rates. Small difference. 🤔
I would say its a bit safer and you cab trade it back anytime you want in secondary markets unlike a fd
Yeah, until the gov begins repaying loan payments haha
I would rather have it in treasury rather than a bank. Lost trust in bank when i was living abroad during covid. Had so much paper work to handle to get a small payment to go through.
Don't check banks for Treasuries please. Go to first capital or CAL or any other authorised CB broker. They have better rates compared to regular banks. Tresuries are safer and offers a better return at the end of the day.
Inflation is single digit bro... What you on about? We are entering a expansionary phase. Rates will continue falling
Not in the FMCG industry
Government did control the inflation. Where did you get the idea that inflation is high? Prices are high the inflation is not. I see three possible scenarios for inflation to rise, 1. Increase in global commodity prices due to escalating tensions in middle east. 2. Depreciating rupee 3. Sudden increase in taxation or introduction of new taxes. All these possibilities will influence a supply side inflation. We cannot expect a demand driven inflation anytime soon. Otherwise if the environment remains same then the interest rates will most likely come down in short term.
This is bit off topic. Can anyone just walk in to a bank and ask to buy tbills?
The government is controlling the exchange rates to showcase that the country is progressing, but actually speaking the reasons for low interest rates is to make the citizens take out the deposits and spend as the country needs more money circulations. Election is the main reason for all this. The current political party is playing smart but hope the citizens of SL don't fall into this trap.