Inflation ( CCPI)25.2% (May 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.65%
12M T-Bill Rate22.91%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR292/293
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

SEC under heavy criticism over shutting down the CSE from 18th to 22nd

Stock MarketApr 17, 2022
SEC under heavy criticism over shutting down the CSE from 18th to 22nd
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Sri Lanka Securities and Exchange Commission has decided to declare holidays for Colombo Stock Exchange from 18th to 22nd April. This is the second time since 20th March 2020 (where the country was closed due to COVID19), the CSE has been closed for the considerable time period. Ceylon Chamber of Commerce believes this decision is not a good practice of an open economy as it prevents a set of investors from exiting the market at the time and price of their choice, another group of investors is prevented from acquiring shares at the time and price of their choice.

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