Inflation ( CCPI)-2.1% (Nov 2024)
GDP4.7% (2Q 2024)
Unemployment4.5% (1Q 2024)
3M T-Bill Rate8.73%
12M T-Bill Rate9.08%
2Y T-Bond Rate9.40%/ 9.50%
4Y T-Bond Rate10.55% / 10.65%
USD/LKR290/291
Reserves $6.46Bn (Nov 2024)
Cum. Trade Deficit $4,762 Mn (Oct 2024 cumulative)
Cum. Fiscal DeficitLKR 970Bn (Sep 2024 cumulative)

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

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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