Inflation ( CCPI)6.4% (Jan 2024)
GDP1.6% (3Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate9.79%
12M T-Bill Rate10.02%
2Y T-Bond Rate11.05%/ 11.10%
4Y T-Bond Rate12.20% / 12.30%
USD/LKR313/314
Reserves $4.5Bn (Jan 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Sri Lanka SLDB auction unsubscribed second time in March

Interest RatesMar 30, 2020
Sri Lanka SLDB auction unsubscribed second time in March
CBSL had announced an auction of Sri Lanka Development Bonds (SLDB) for $ 220Mn. Previously issued SLDBs of $ 218 Mn are maturing on 1st April 2020. The auction was able to attract only $22.33 Mn out of which CBSL has accepted only $11.93Mn. This is the second time the SLDB auction undersubscribed this month. CBSL has offered $ 520 Mn SLDBs so far this year for rolling over of $ 568.2Mn maturities but able to raise only $ 200.76Mn. Doller denominated Sri Lankan financial instruments are under pressure of low liquidity and steep discount.

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