Peer nations would have depreciated their currency to help their exporters in this time of global supply glut. Our Central Bank is going to hold the value of our currency while pumping credit to the Government which without a parliamentary majority will be unable to pass legislation that results in a well-targeted stimulus program. Banks have been limited in offering you rates in the long term that will compensate you for inflation. Why do you want to hold a Central Bank-backed asset?
Continue reading: http://www.ft.lk/opinion/Getting-out-of-taxable-and-Central-Bank-backed-assets/14-700017
