Inflation ( CCPI)54.2% (Jan 2023)
GDP-11.8% (3Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate29.88%
12M T-Bill Rate27.72%
5Y T-Bond Rate29.00%
10Y T-Bond Rate30%
USD/LKR360/363
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Reserves $2.12Bn (Jan 2023)
Cum. Trade Deficit $5.2Bn (Dec 2022)
Cum. Fiscal DeficitLKR 1,647Bn (Oct 2022)

Majority of the public believe LKR to deprecate beyond Rs. 375 by end of May

Opinion pollsMay 3, 2022
Majority of the public believe LKR to deprecate beyond Rs. 375 by end of May
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LKR has been depreciated heavily in the last few months. Usable official foreign reserves have fallen due to weak FX inflows and increasing trade deficit. CBSL decided to suspend the external debt payments to limit the FX outflow from the country. The country is facing mounting pressure to settle FXs for importing day-to-day essential goods and services. Demand for FX has been growing while FX flow becoming limiting.

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