Inflation ( CCPI)1.3% (Sep 2023)
GDP-3.1% (2Q 2023)
Unemployment4.7% (1Q 2023)
3M T-Bill Rate17.42%
12M T-Bill Rate13.30%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Domestic bank Deposit and Lending rates are gradually adjusting for CBSL rate hikes

Interest RatesFeb 1, 2022
Domestic bank Deposit and Lending rates are gradually adjusting for CBSL rate hikes

After CBSL hiked the policy interest rate in August last year and Jan this year by 0.50% each, the bank's deposits and lending rates gradually responded by revising their interest rates for the financial products. Since last year December, the new deposit rates have increased by 1.52% while new lending rates have elevated by 1.10%.

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