Inflation ( CCPI)-0.8% (Oct 2024)
GDP4.7% (2Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.35%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.37%/ 10.45%
4Y T-Bond Rate11.80% / 11.90%
USD/LKR292/293
Reserves $5.99Bn (Sep 2024)
Cum. Trade Deficit $3,584 Mn (Aug 2024 cumulative)
Cum. Fiscal DeficitLKR 910Bn (Aug 2024 cumulative)

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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