Inflation ( CCPI)25.2% (May 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.65%
12M T-Bill Rate22.91%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
USD/LKR292/293
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $1,443Mn (April 2023 cumulative)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

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%
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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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