Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

Public expect CBSL to rise the interest rate at monetary policy meeting tomorrow

Opinion pollsMar 3, 2022
Public expect CBSL to rise the interest rate at monetary policy meeting tomorrow
This story is available exclusively to charts.lk subscribers. Become an member and start reading now.

The majority of the people including industry experts suggest CBSL will increase the interest rate minimum of 0.25% at tomorrow's monetary policy meeting. CBSL allowed T-bill rates to jumped by 0.70% to 1.40% at yesterday's primary auction.

This looks to be very long overdue as investors have not accepted the 364Days TBills for a long time and CBSL has not been able to sell a sizeable quantity of 364days Bills to investors. IMF today recommended a tight monetary policy stance as inflation is to persist over 10% in 2022.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.

Copyright © 2023 Charts.lk. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service, Privacy Policy and Cookies Policy.