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)

T-bill rates fell across all the maturities as CBSL firm to keep the Government borrowing cost lower

Interest RatesSep 14, 2022
T-bill rates fell across all the maturities as CBSL firm to keep the Government borrowing cost lower
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91Days T-bill rate down to 32.71% from 32.81%, 182Days rate down to 30.82% from 31.28%, while 364Days rate down to 30.26% from 30.52%. But CBSL rejected most of the bids received for 182Days and 364Days to curtail the upward trend of interest rate. They managed to sell excess LKR 12.6Bn T-bills than the market maturity on Friday.

This would allow CBSL to retire some of the T-Bills bought by CBSL for monetary financing. It appears that some of the T-bond coupons have been reinvested into Bills than the new bond at the auction.

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