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)

New deposit rates and new lending rates have fallen 0.60 percent in 1Q compared to the level seen at end of last year

Interest RatesMay 24, 2020
New deposit rates and new lending rates have fallen 0.60 percent in 1Q compared to the level seen at end of last year
New deposits rates and new lending rates have fallen by on average 0.60% from December 2019 to the end of March 2020 among the Commercial banks in Sri Lanka. during this period CBSL cut down the benchmarked interest rates by 0.75% and from the end of March to May CBSL brought a further 0.75% cut on the interest rates to boost the economy which is finding it hard to pick-up. But at the end of March, the average weighted new lending rate was 12.19%, which has fallen by 2.16% from June last year. CBSL cut the rates by 2.25% during this period.

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