Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

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

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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