Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Global Crude oil price is collapsing and hit below dollar 23

EnergyMar 18, 2020
Global Crude oil price is collapsing and hit below dollar 23
WTI $22.94 and Brent $ 26.21.Prices were further pressured Wednesday by a surge in the U.S. dollar, which hit a three-year high of 101.02 against a basket of six global currencies, and reports that Saudi Arabia has ordered producers at the state-controlled Aramco to pump as much as 12.3 million barrels of crude each day next month as it ramps up its price war with Russi as per The Further, it says " airlines slashing capacity around the world as governments restrict travel in order to tame the coronavirus spread, and analysts forecasting sharp and recession-like pullbacks from the world's biggest energy consumers, global crude prices have been unable to find a floor since the global stock market sell-off began in late February"


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