Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
USD/LKR304/305
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Sri Lanka benchmark interest rates unchanged at monetary policy meeting

Interest RatesMar 5, 2020
Sri Lanka benchmark interest rates unchanged at monetary policy meeting
Monetary Policy Committee says the introduction of appropriate structural reforms is essential to foster high economic growth, given limited policy spaces. Sri Lanka rupee remained broadly stable with a marginal depreciation while reserves sufficient to cover 4.5 months of imports. CBSL to take proactive measures to ensure the continued anchoring of inflation expectations in mid-single-digit levels. Further, the growth of credit to the private sector is expected to accelerate. The faster downward adjustment in market lending rates is expected.

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