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)

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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