Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

CBSL in surprised move allowed primary market interest rates to jumped by 0.70% to 1.40%

Interest RatesMar 3, 2022
CBSL in surprised move allowed primary market interest rates to jumped by 0.70% to 1.40%

The Treasury bill auction rates jumped at the primary auction ahead of the Monetary policy meeting on Friday. 91Days T-Bill jumped from 8.61% to 9.33% and 182Days from 8.53% to 9.88% and 364days from 8.53% to 9.95%. Yields have moved toward double digits which were seen three years back.

Despite allowing primary rates to increase, CBSL managed to sell only a handful amount of 364Days Bills at the auction, which suggests the current premium is still not enough for investors to buy the longer-term T-bills.


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