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)

Equity Market valuations turned to be very attractive after recent sell-off

Global IndexesOct 17, 2019
Equity Market valuations turned to be very attractive after recent sell-off
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Due to trade and geopolitical reasons sell-off took place across emerging markets and frontier equity markets. Sri Lanka stock market experienced the same where the foreign outflow continues (YTD LKR 3.5Bn) this week as well. But many Asian frontier economies expected to post better GDP growth rates than other regions and have made equity valuations very attractive.

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