Inflation ( CCPI)25.2% (May 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.65%
12M T-Bill Rate22.91%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

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
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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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