Sri Lanka Treasury Bill rate fell at Primary auction a day ahead of monetary policy meeting

Sri Lanka Short term Treasury Bill rate fell at the primary auction today 91 Days by 0.01%, 182 Days by 0.07% and 364 Days by 0.08%. CBSL cut the benchmarked interest rate at the last monetary policy meeting to boos the underperforming economy. US Fed also cut the interest rate by 0.50% as the Coronavirus threatening to the Global economy. Many market experts believe having a monetary stimulation is essential to fright back the economic slowdown in 2020. Sri Lanka lending rates have fellen down more than 250 basis point since June last year.