Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Pressure on LKR eased off and CBSL was buying FX in May

Exchange RateJun 21, 2020
Pressure on LKR eased off and CBSL was buying FX in May
Covid19 influenced to have lower FX inflows to the country as exports, tourism, and worker remittances fell significantly from February. CBSL has been a net seller in March & April of USD 174 & USD 94 Mn to ease off the pressure on LKR. But the official data indicates CBSL has been a net buyer of FX in May amounted to USD 61.5 Mn.

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