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)

New Fixed deposits rates have started increasing from September

Interest RatesDec 23, 2019
New Fixed deposits rates have started increasing from September
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Sri Lanka cut interest rates in July 2019 expecting to pull down the high lending rate which was not suited to recover the economy. Bank new deposits rates fell thereafter. But from September onwards new deposits rates have started increasing but new lending rates still on the downward trend.

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