ASI is setting higher support levels, breaking some of the key resistance levels. Higher highs and Higher Lows.
Overall sentiment is turning positive, with IMF Board approval about to take place.
LKR strengthening against USD and other foreign currencies
Rates set to decline
Inflation to adjust into single digit later
Economy is trying to back on its feet
Loss making SOEs restructuring to take place
Elections to strengthen the IMF arrangement with main opposition parties in unison trusting no way out other than through an IMF.
So 100bps hike to satisfy the requirement of IMF is only a mere arrangement to conclude the deal, hence "Bad News isnt Bad Anymore at CSE" knowing very well this would be the last hike agreed.
Overall sentiment is turning positive, with IMF Board approval about to take place.
LKR strengthening against USD and other foreign currencies
Rates set to decline
Inflation to adjust into single digit later
Economy is trying to back on its feet
Loss making SOEs restructuring to take place
Elections to strengthen the IMF arrangement with main opposition parties in unison trusting no way out other than through an IMF.
So 100bps hike to satisfy the requirement of IMF is only a mere arrangement to conclude the deal, hence "Bad News isnt Bad Anymore at CSE" knowing very well this would be the last hike agreed.
