Inflation ( CCPI)6.4% (Jan 2024)
GDP1.6% (3Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate9.79%
12M T-Bill Rate10.02%
2Y T-Bond Rate11.05%/ 11.10%
4Y T-Bond Rate12.20% / 12.30%
USD/LKR313/314
Reserves $4.5Bn (Jan 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

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
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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