Inflation ( CCPI)6.4% (Jan 2024)
GDP1.6% (3Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate9.79%
12M T-Bill Rate10.02%
2Y T-Bond Rate11.05%/ 11.10%
4Y T-Bond Rate12.20% / 12.30%
USD/LKR313/314
Reserves $4.5Bn (Jan 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Considering the severity of the external shocks CBSL raised the key interest rates by 1.0%

Interest RatesMar 8, 2022
Considering the severity of the external shocks CBSL raised the key interest rates by 1.0%

CBSL said to observe, supply-side factors have contributed to pressure general price level, while the build-up of aggregate demand, that will force to accelerate the core inflation. Monetary Board is of the view that a comprehensive policy package containing both traditional and non-traditional measures, along with other initiatives that have an impact on the overall economy, is essential to counter such economic headwinds.

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