Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
USD/LKR299/300
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

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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