Inflation ( CCPI)61% (Nov)
GDP-8.4% (2Q 2022)
Unemployment4.3% (1Q 2022)
3M T-Bill Rate32.91%
12M T-Bill Rate29.33%
5Y T-Bond Rate29.57%
10Y T-Bond Rate30%
USD/LKR360/363
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Reserves $1.80Bn (Nov 2022)
Cum. Trade Deficit $4,387Mn (Oct 2022)
Cum. Fiscal DeficitLKR 1,113Bn (Aug 2022)

Bank & Finance

FeaturedDec 8, 2022

The growth of the Outstanding value of the Credit Cards slowing down

High-interest rates and the declining purchasing power of consumers have negatively influenced the growth of the credit card outstanding. Given the ultra-high inflation, the current outstanding would reflect low consumption in reality.

It was as learned that banks’ credit to the private sector has also been negative for the last six months.

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