Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Investor confidence deteriorates further, Risk moving to other bonds

Interest RatesJul 5, 2021
Investor confidence deteriorates further, Risk moving to other bonds
Sri Lanka's crisis on USD liquidity is worsening as the CBSL further tightening the FX outflow as a means of keeping the head above water level. However, Dollar-denominated bonds continue to lose value in the international market with the default risk is now seen moving to other shorter-end bonds. Despite repeated attempts by monetary authorities to keep the investor's calm, it is now taking a turn for the worst.

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