Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

Short term interest rates is rising but CBSL not allowed longer end to move

Interest RatesOct 27, 2021
Short term interest rates is rising but CBSL not allowed longer end to move
The 91Days T-Bill rate moved to 8.43% from 8.39% the previous week and 364Days T-Bill marginally increased to 8.18% from 8.17% at today's primary auction. Over 200Bn bids were received by CBSL for the auctions, the majority for 91days Bills. CBSL has not been able to collect above 160Mn for longer tenor during last four auctions. The downslope yield curve for T-bills to continue.

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