Inflation ( CCPI)54.2% (Jan 2023)
GDP-11.8% (3Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate29.88%
12M T-Bill Rate27.72%
5Y T-Bond Rate29.00%
10Y T-Bond Rate30%
USD/LKR360/363
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Reserves $2.12Bn (Jan 2023)
Cum. Trade Deficit $5.2Bn (Dec 2022)
Cum. Fiscal DeficitLKR 1,647Bn (Oct 2022)

Public expect unchanged of the benchmarked interest rate at tomorrow monetary policy meeting

Opinion pollsAug 17, 2022
Public expect unchanged of the benchmarked interest rate at tomorrow monetary policy meeting
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The sixth monetary policy meeting is expected to be announced tomorrow. CBSL borrow from the banks at 14.5% while it lends to banks at 15.5% on an overnight basis. CBSL increased those interest rates last month by 1%. The public expects this rate will unchanged in tomorrow's policy statement.

Globally the interest rates have been increased by major economies including USA.

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