Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Public expect 5% rate hike tomorrow while market experts believe 3% to 4% rate hike

Opinion pollsJul 6, 2022
Public expect 5% rate hike tomorrow while market experts believe 3% to 4% rate hike

The results of the regular poll suggest that 33% of the respondents expect a 5% rate hike at CBSL's MPC tomorrow. But experts in the financial market believe it would be a 3% to 4% rate hike. Meantime rates went up by 4% at the primary auction today.

Currently, CBSL borrows overnight money from the market at 13.5% and lends to the market at 14.5%. But the T-Bill rate, where CBSL borrow 91Days to 364Days money at around 28%, which accounted massive mismatch.


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