Inflation ( CCPI)1.3% (Sep 2023)
GDP-3.1% (2Q 2023)
Unemployment4.7% (1Q 2023)
3M T-Bill Rate17.42%
12M T-Bill Rate13.30%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,930 Mn (Aug 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

T-Bill rate shot at the primary auction by 400 points ahead of the monetary policy meeting

Interest RatesJul 6, 2022
T-Bill rate shot at the primary auction by 400 points ahead of the monetary policy meeting

91Days T-bill rate was 28.08%, 182Days 28.74% and 364Days jumped to 28.11% at the primary auction where 83% of the bids at the auction were accepted. Within the last two auctions, the rates were up by 7%. The bids to the auction have been on a declining path and CBSL has to increase the rates to avoid money printing.

Inflation has been rising and crossing 50% for the first time in history while market o/n liquidity is negative of LKR 650Bn


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