Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

After 10 months CBSL turned to net purchaser of the USD from FX market

Exchange RateSep 17, 2022
After 10 months CBSL turned to net purchaser of the USD from FX market

CBSL has been a net seller of the FX in the market for the last ten months and spend over USD 1.5Bn from reserves to maintain the exchange rate at a fix. But it failed and had to float at end of March and the following month as well. CBSL bought USD 216mn and sold USD 201Mn in August.

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