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%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

Treasury Bill rate is rising at faster rate as inflation looks to shoot-up

Interest RatesApr 20, 2022
Treasury Bill rate is rising at faster rate as inflation looks to shoot-up

Treasury bill rate increased across all the maturities whereas 91Days jumped by 350bps to 23.21%, 182Days jumped by 204bps to 24.77% and 364Days jumped by 100 bps to 24.36%. During previous auction CBSL managed to sell entire required amount of T-Bills, but it failed to do so in this auction where as it sold less than 50% of the maturity amount. This will forced CBSL to print money once again.

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