91Days and 182 Days T-Bill rate remain unchanged but 364Days rate fell marginally
91Days T-bill rate remains at 32.91% and 182Days at 32.27% as CBSL continues to borrow over 95% of the funds for a very shorter tenor. 364Days T-Bill rate fell marginally, but for the sixth continuous day to 29.33% from 29.46%. Shorter tenors and high-interest rates push massive compounding effects and accumulate debt much faster phase.
Banks's borrowing cost continue to increase