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)

Investors are pouring money into short term T-bills at the primary auction

Interest RatesApr 27, 2022
Investors are pouring money into short term T-bills at the primary auction
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The demand for the short-term T-bills ( 91Days) has immerged due to the higher interest rate and low risk. 91Days bill was up marginally from 23.21% to 23.53%, while 182Days bill fell significantly from 24.77% to 23.96% removing the abnormality. 364Days Bills also fell but marginally from 24.36% to 24.09%. Almost three times demand was observed for 91Days bills compared with 182days and 364Days. CBSL has managed to sell little more than LKR 8Bn securities which are maturing among market participants, this, in turn, reduces the money printing.

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