Inflation ( CCPI)25.2% (May 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.65%
12M T-Bill Rate22.91%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

Sri Lanka prime lending rate (AWPR) makes a sharp upward turn

Interest RatesSep 14, 2021
Sri Lanka prime lending rate  (AWPR) makes a sharp upward turn
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In order to contain the growing inflation and the excessive pressure on the exchange rate, monetary board decided to increase the benchmarked interest rate by 0.50% at the recent policy meeting. As a result, the average weighted prime lending rate also has adjusted sharply from the historically lowest of 5.51% to 6.28% as of mid-September.

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