Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

LIBOR is expected to end by December 2021 in UK and US. SL has issued SLDBs maturing till 2025

Global IndexesFeb 7, 2020
LIBOR is expected to end by December 2021 in UK and US. SL has issued SLDBs maturing till 2025
Libor (London Inter-Bank Borrowing Rate), once dubbed the world’s most important number, was discredited after the 2008 financial crisis when authorities in the United States and Britain found traders had manipulated it to make a profit. Widespread use of Libor is meant to end by December 2021 in Britain and the United States. But replacing Libor is proving expensive and tricky with concerns that, if mishandled, it could trigger credit market confusion and waves of lawsuits, finance industry sources said. Sri Lanka Dollar-denominated development bonds (SLDBs) priced floating rates pegged to 6M LIBOR. Maturity of some of those ranged to Jan 2025.

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