Inflation ( CCPI)3.4% (Nov 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate14.86%
12M T-Bill Rate12.89%
2Y T-Bond Rate14.35%/ 14.50%
4Y T-Bond Rate14.35% / 14.45%
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)

CBSL managed to reduce additional money printing due to successfulness at the last two T-bill auctions

Bank & FinanceJun 5, 2022
CBSL managed to reduce additional money printing due to successfulness at the last two T-bill auctions
CBSL has been blamed for printing money for the government in recent years, which leads to high core inflation. In the last two T-Bill auctions, CBSL managed to sell a targeted volume of T-bills, which has enabled them to retire some of the T-bills that was purchased by CBSL earlier. T-bill liability among the market participants was only 66Bn last Friday, CBSL managed to sell 83Bn to the market allowing them to sell 17Bn from their (CBSL) holdings. Ideally, they would have reduced the T-Bill holdings by the same amount but it was reduced only by 6.5Bn.

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