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/LKR297/298
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

CBSL kept key interest rate unchanged

Interest RatesMay 19, 2022
CBSL kept key interest rate unchanged
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CBSL has decided to keep the interest rate unchanged SDFR 13.50% and SLFR 14.50% which is CBSL deposit rate and lending rate to Banks & PDs. Authorities are expecting the interest rates to moderate and stabilize at lower levels in the period ahead. Further they expect, Inflation to remain elevated in the coming months before moderating. But external sector ( import and exports) continues to face heightened challenges and GDP is expected to setback in this year.

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