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)

U.S. stock indexes plunged even after FEDs massive stimulation

Global IndexesMar 16, 2020
U.S. stock indexes plunged even after FEDs massive stimulation
Even after a sharp cut in interest rates by the FED to near-zero and $700Bn bond purchase announcement still, market crashing. S&P 500 and the Dow crashed more than ten percent due to a wave of panic selling and margin calls. Bank stocks are among the biggest losers, with JPMorgan and Morgan Stanley down at least 17%. The news of this Wall Street crash has driven European shares down further, with the London FTSE 100 index falling 8.4%, its lowest since October 11. France's CAC 40 loss 11%, while the German DAX dropped by more than 10% before recovering at late trades.

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