Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.91%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.65%/ 10.75%
4Y T-Bond Rate11.80% / 11.85%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

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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