Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Sri Lanka International Sovereign Bonds are under pressure after country downgraded by three major credit rating agencies

Interest RatesDec 22, 2020
Sri Lanka International Sovereign Bonds are under pressure after country downgraded by three major credit rating agencies
Sri Lanka International Sovereign Bonds are under pressure once again as country downgraded by three major credit rating agencies. The value of the bonds fell dramatically after COVID hit the country's FX inflow. Investor confidence improved in October after country repaid USD 1,000Bn Bond maturity. Later Credit agencies downgrade the country rating to a historically lowest level, citing weak position to meet the external-debt obligations in coming years.

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