Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
USD/LKR304/305
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 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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