CB creates interest rate anomaly

Friday, 23 October 2020 00:20 - - {{hitsCtrl.values.hits}}

Former Senior Deputy Governor and FT columnist W.A. Wijewardena yesterday claimed that the Central Bank has created an interest rate anomaly by keeping policy rates unchanged at 4.5% for standing deposits and 5.5% for standing lending when Treasury Bill rates falling below that level.

“At last auction, six month and one year TB rates fell to 3.87% and 4.17% respectively,” he added in a tweet.