Inflation ( CCPI)0.5% (Aug 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.99%
12M T-Bill Rate10.07%
2Y T-Bond Rate11.25%/ 11.35%
4Y T-Bond Rate13.10% / 13.25%
USD/LKR300/301
Reserves $5.9Bn (Aug 2024)
Cum. Trade Deficit $2,550 Mn (June 2024 cumulative)
Cum. Fiscal DeficitLKR 599Bn (June 2024)

Sri Lanka central bank slap penalties on seven banks, failed to reduce interest rates by 250 basis points by 31st Dec

Interest RatesDec 30, 2019
Sri Lanka central bank slap penalties on seven banks, failed to reduce interest rates by 250 basis points by 31st Dec
CBSL is very determined to bring down the domestic interest rates expecting it will boost economic activities up to some extent as the inflation is under control. AWPR looks to response but the average lending rate (AWLR) yet to adjust as expected. The deposit rate has been flat for the last two and a half years.

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