Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

Pressure on Sri Lanka dollar-denominated sovereign bond is easing off

Interest RatesOct 21, 2020
Pressure on Sri Lanka dollar-denominated sovereign bond is easing off
Pressure on Sri Lanka dollar-denominated sovereign bond is easing off after Sri Lanka repaid the USD 1Bn international sovereign bond matured on 4th October without any default or delay. Several emerging markets have defaulted on their internal debt obligations in the recent past as a result of sharp erosion of their reserves and foreign currency inflows. Sri Lanka did not default on any of its international obligations even during 30 years of civil war which destroy the economy to the groud.

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