Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

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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