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)

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
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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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