Inflation ( CCPI)0.9% (May 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.39%
12M T-Bill Rate9.90%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.10% / 11.25%
USD/LKR304/305
Reserves $5.4Bn (May 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

CBSL kept the interest rate unchanged SDFR 14.50% and SLFR 15.50%

Interest RatesAug 18, 2022
CBSL kept the interest rate unchanged SDFR 14.50% and  SLFR 15.50%

CBSL kept the interest rate unchanged at the current level of 14.50% & 15.50% window. The decision was backed by the CBSL's view on the faster contraction of the near-term economy and the slowing down the inflation much quicker than expected.

Further, a notable contraction in credit to the private sector and possible upside risks to unemployment in the near term are also predicted by CBSL.

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