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)

Strong wind and rainy weather contributed 70% of the CEB electricity generation

EnergyAug 5, 2022
Strong wind and rainy weather contributed 70% of the CEB electricity generation
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The favourable weather has positively contributed to the electricity generation of the country. Electricity generation via wind has contributed over 10% to the total while hydroelectricity contributed 58%. This has helped to eliminate oil-based thermal electricity generation to almost zero in the last few days.

This would reduce the pressure on the FX reserves of the country, which are almost zero.

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