Inflation ( CCPI)54.2% (Jan 2023)
GDP-11.8% (3Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate29.91%
12M T-Bill Rate27.72%
5Y T-Bond Rate29.00%
10Y T-Bond Rate30%
USD/LKR360/363
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Reserves $1.89Bn (Dec 2022)
Cum. Trade Deficit $5.2Bn (Dec 2022)
Cum. Fiscal DeficitLKR 1,647Bn (Oct 2022)

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
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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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