Inflation ( CCPI)1.3% (Sep 2023)
GDP-3.1% (2Q 2023)
Unemployment4.7% (1Q 2023)
3M T-Bill Rate17.42%
12M T-Bill Rate13.30%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,930 Mn (Aug 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Sri Lanka Central Bank moved to tightening of monetary policy stance

Interest RatesAug 19, 2021
Sri Lanka Central Bank moved to tightening of monetary policy stance
After conducting accommodative monetary policy for 32 months, CBSL turned to tighten the availability of money for credit by increasing the SDFR & SLFR by 0.50% and SRR by 2.0%. CBSL expects these monetary policy decisions to iron out the prevailing imbalances in the domestic financial markets and the external sector of the economy. Further, it expects to absorb the large amount of currency held by the public observed since the onset of the pandemic in early 2020.

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