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)

Sri Lanka ISBs gained despite heavy volatility due to illiquidity

Interest RatesOct 26, 2021
Sri Lanka ISBs gained despite heavy volatility due to illiquidity
Sri Lanka ISB yields fell (price increase) significantly at the international exchanger despite Fitch Ratings warned of a real possibility of bond default by Sri Lanka. Fitch projects the country’s foreign-exchange reserves to plummet to USD 2.5 Bn by 2023 while CBSL has outline the way forward of rebuilding the reserves by selling lands, state own properties, FDIs and more credit lines.

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