Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
USD/LKR299/300
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Liquidity shortage push short term T-Bill rate from 8.50% to 8.61% at primary auction

Interest RatesMar 1, 2022
Liquidity shortage push short term T-Bill rate from 8.50% to 8.61% at primary auction

Overnight liquidity shortfall continues to pressure the short-term interest rate. As a result, 91Days T-Bill rate jumped from 8.50% to 8.61%, 182Days 8.54% to 8.53%, and 364Days 8.57% to 8.53%.

Investors are demanding a higher premium to buy long-term bills that resulted in the very low sales of 182Days and 364Days bills. CBSL borrowings are moving towards the very short term.

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