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)

Public expect no change in the interest rates at January Monetary Policy

Opinion pollsJan 15, 2021
Public expect no change in the interest rates at January Monetary Policy
The opinion poll: stance of interest rate decision at January Monetary Policy - 73% of the people expect the rates will be remain same, while 23% of the people expect at least 0.25% rate cut. Fewer people expect there will be rate hike at the monetary policy statement on 19th Tuesday. Current SDFR 4.5% , SLFR 5.5% are historically lowest. CBSL reduced the interest rates to keep the borrowing cost at lower level. That has enabled investors and public to start new business and continue same level of consumption. The ultimate objective of loosening monetary policy or expansion monetary is to boot the economy.


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