Inflation ( CCPI)3.4% (Nov 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate14.67%
12M T-Bill Rate12.88%
2Y T-Bond Rate13.95%/ 14.05%
4Y T-Bond Rate14.20% / 14.30%
USD/LKR327/328
Reserves $3.58Bn (Nov 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

Sri Lanka Treasury Bill rate fell marginally at the primary auction

Interest RatesSep 2, 2020
Sri Lanka Treasury Bill rate fell marginally at the primary auction
Sri Lanka interest rates have started falling across all the maturities due to high overnight liquidity and weak credit expansion in the finance sector. 91Days fell by 0.04% to 4.52%, 182Days to 4.67%, and 364days at 4.89%. It was seen the overall private sector credit fell for the third consecutive month in July despite CBSL cut down the benchmarked interest rates and flood the market with excess money. Meanwhile, the Monetary Board decided to extend the deadline of the 4% Working Capital Loan Scheme till 30th September allowing more time to apply for the loans. Banks have disbursed LKR 68.6Bn new loans at 4% interest rates under this program.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.